Trump, Pulte Push for Fed Chair Powell's Ouster

President Donald Trump has renewed his demands for Federal Reserve Chair Jerome Powell to resign, now citing accusations from Federal Housing Finance Agency Director Bill Pulte that Powell provided deceptive and politically biased testimony to Congress about a $2.5 billion renovation of the Fed’s headquarters. Pulte claims these actions are grounds for Powell's removal 'for cause' and has called on Congress to investigate. Trump has long criticized Powell for keeping interest rates high, which he argues harms the U.S. economy, and is now using Pulte's allegations to intensify his case. Rep. Jim Jordan and other lawmakers have indicated they may consider investigating Powell, though legal experts maintain that removing a Fed chair before term expiration is difficult. Powell defends the renovation as necessary maintenance and cites Trump-era tariffs as a complicating factor for interest rate decisions. The dispute highlights rising political pressure on the Federal Reserve and concerns over its independence.