White House Pers Secretary Karoline Leavitt said on Monday that President Donald Trump sent a letter to FED chairman Jerome Powell with lower interest rates in other countries.
In the last escalation in the feud between President Donald Trump and Federal Reserve President Jerome Powell, the president seemed to be calling to resign Powell after the head of the Federal Housing Finance Agency (FHFA) claimed that Powell gave “misleading” testimony to the congress.
Trump has spoken about Powell for months because he refuses to lower the interest rates of the Fed, which he said it cost the US a ‘fortune’.
On Monday, Trump sent a note to Powell in which it was emphasized how other countries around the world have lower interest rates in comparison with the US, and he continued to accuse Powell of keeping rates “artificially high”.
“” Jerome, you are, as usual, too late. You cost the US a fortune and keep doing this, “said Minister of White House Pers Secretary Karoline Leavitt Monday, reading Trump’s note to Powell. “You have to lower the rate with a lot. Hundreds of billions of dollars are lost and there is no inflation.”
Trump sends the Lord. Too late ‘Jerome Powell Fiery Note Speak of interest rate errors errors that cost us a’ fortune ‘
President Donald Trump and FED chairman Jerome Powell (Getty Images / Getty Images)
On Wednesday, Trump has a Bloomberg Article about the call from the FHFA head for an investigation into Powell into his social social account.
Trump wrote: “‘Too late’ should immediately resign !!!”
Earlier on Wednesday, FHFA director Bill Pulte posted a statement about X, in which he called for the congress to investigate Powell’s alleged misleading witnesses of which he said it was sufficient reason for removal.
“I ask the congress to investigate chairman Jerome Powell, his political bias and his misleading witness from the Senate, which is sufficient to be removed ‘for cause’,” Pulte wrote.
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Jerome Powell, chairman of the Board of Directors of the Federal Reserve, attends a central bank symposium in the Grand Hotel in Stockholm, Sweden, January 10, 2023. (Claudio Bresciani/TT News Agency/AFP via Getty Images/Getty images)
In testimony from the Senate bank committee last week, Powell rejected the concern about irresponsible costs that the Fed head office in Washington, DC renovated
Pulte quoted Senator Cynthia Lummis, R-Wyo., Of which he said Powell “some factually inaccurate explanations made to the [Senate] Commission with regard to the plush private -a -way room and elevator of the FED, skylights, water features and roof terrace. “
“Jerome Powell’s $ 2.5b building renovation scandal stinks at the high sky, and when he was asked about the details before the congress. This is nothing less than crime and is worth” for cause, “Pulte wrote. “Chairman Powell must be investigated immediately by the congress.”
Trump Slams Fed Chairman Powell for not lowering rates: ‘Average mental person’
Rep. Jim Jordan, a Republican from Ohio and chairman of the House Judiciary Committee, speaks during a hearing in Washington, DC, 12 March 2024. (Al Drago / Bloomberg via Getty Images / Getty images)
Speaking with Bloomberg on Wednesday, the house of the house Jim Jordan, R-Ohio, responded to the call from Pulte to a study into Powell and said, “We did not specifically discuss that,” but “everything is on the table.
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“We will take a look. Part of our constitutional duty is to supervise the executive, and in our committee we also supervise the judicial branch.”
A representative for the Fed refused to comment.
