PNN – The President of the United States demanded the immediate resignation of the head of the central bank of this country.
According to the report of Pakistan News Network, quoted by Sputnik, US President Donald Trump asked Jerome Powell, the head of the country’s central bank, to resign immediately.
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Meanwhile, Powell’s term as head of the Central Bank will end in May 2026, which is another year. It is also reported that the differences between him and Trump have intensified during the recent period.
Sources have said that Trump has been looking to appoint a successor to Powell because he is angry about his cautious policy on interest rate cuts.
This is despite the fact that for the first time Trump himself introduced him as a candidate for this post and Joe Biden also extended his term.