White House Press Secretary Carolyn Levitt said on Monday that President Donald Trump had sent a letter to the Fed chair, Omeerom Powell, showing lower interest rates in other nations.
In the latest escalation in the dispute between the president Donald Trump And Federal Reserve President Omeerom Powell, the president appeared to call on Powell to resign after the head of the Federal Housing Finance Agency (FFA), alleged that Powell had given him a “deceived” testimony to Congress.
Trump expressed frustration with Powell For months to refuse to lower the Fed interest rates, which he said it cost the United States “wealth”.
On Monday, Trump sent a note to Powell, pointing out how other countries around the world have lower interest rates than the United States and he continued to blame Powell of holding the “artificial high” rates.
“” Jererome, you are, as usual, too late. You cost the container and you continue to do it “,” ” White House Press Secretary Caroline Levitt said on Monday, reading Trump’s note to Powell. “” You need to reduce the rate for many. Hundreds of billions of dollars are lost and there is no inflation. ”
President Donald Trump and Fed Omeerom Chair (Getty Images / Getty Images)
On Wednesday, Trump returned A. Bloomberg An article on the call of FFA’s head to investigate Powell for his truth social account.
Trump wrote: “” too late “should resign immediately !!!”
Earlier on Wednesday, the FFA director Bill Pulte, a statement to X, calling for Congress to investigate Powell’s alleged fraudulent testimony, which he said was a sufficient basis for removal.
“I am looking for a congress to investigate President Jererom Powell, his political bias and his fraudster Testimony in the SenateWhat is enough to remove “for the cause”, Pulte wrote.
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Omeerom Powell, chairman of the Board of Governors of the Federal Reserve, attends a central bank symposium at the Grand Hotel in Stockholm, Sweden, January 10, 2023. (Claudio Bresani/TT News Agency/AFP via Pictures of Getty/Getty)
In the testimony of the Senate Banking Committee last week, Powell dismissed concerns about irresponsible costs of renovating the Fed headquarters in Washington, DC
Pulte quoted Senator Cynthia Luisis, R-WCO, which said Powell “gave a number of factual inaccurate statements to the Committee (Senate) regarding the teddy bears of the Fed and the elevator, bright lights, water features and roof terrace.”
“The Omeerom Powell building scandal of $ 2.5 billion stinks in the high sky, and he lied when he asked the specifics before Congress. This is nothing less than abuse and is worthy of the cause,” Pulte wrote. “President Powell should examine Congress immediately.”
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Representative Jimim Jordandan, a Republican from Ohio and chairman of the House Judicial Committee, speaks during the hearing in Washington on March 12, 2024. (Al Drago / Bloomberg through Getty Images / Getty Images)
Speaking with Bloomberg on Wednesday, House Judiciary President Jimim Jordandan, R-Jayo, responded to Pulte’s call for Powell’s investigation, saying: “We didn’t talk about it specifically,” but “everything is on the table.
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“We look at it. Part of our constitutional duty is to supervise the executive branch and, in our committee, we also supervise the judicial branch.”
A Fed official declined to comment.
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