The ongoing clash between President Donald Trump and Federal Reserve Chair Jerome Powell is hitting new levels, just as fresh concerns about rising inflation grab headlines. For months, Trump has been openly critical of Powell, accusing him of holding back the U.S. economy by refusing to lower interest rates. He has even suggested firing Powell in the past, calling him “very bad for the country.”
Now, the heat has turned up even more, as Treasury Secretary Scott Bessent has publicly called on Powell to fully step down once his term as Fed Chair…
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