Trump: 'Powell Should Resign Like Kugler Did'

Donald Trump stated that Jerome Powell will 'likely' complete his term as head of the Fed, despite his criticism of high interest rates.

In an interview with Newsmax, Trump mentioned he would remove Powell, but his advisors fear 'market turmoil'. Powell's term ends in May 2026.

Via a post on Truth Social, Trump called on Jerome Powell to resign, citing the resignation of Adriana Kugler, who was appointed by Biden, as an example.

Kugler resigned from the Fed's board, giving Trump the opportunity to choose a new candidate.