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Trump has once again publicly urged Federal Reserve Chairman Powell to resign, sparking a new round of conflicts among the financial elites in the United States.
On July 2nd, Trump shared an article on social media titled "Director of the Federal Housing Finance Agency: The Chairman of the Federal Reserve Should Accept Congressional Investigation." In his comments, Trump referred to Powell as "Mr. Too Late" and called for his immediate resignation. This is not the first time Trump has used this nickname to refer to Powell.
On the same day, William Pulte, the Director of the Federal Housing Finance Agency in the United States, posted a striking message on social media. He called for Congress to investigate Powell, accusing him of political bias and deceptive behavior while testifying in the Senate. Pulte believes that these actions are sufficient grounds for dismissal.
The accusations against Pulte mainly revolve around the controversy of the renovation plan for The Federal Reserve (FED) headquarters. He claims that Powell made inaccurate statements about the plan without sufficient evidence. Previously, media reports indicated that the renovation costs for the FED headquarters had skyrocketed and included multiple luxurious facilities.
At a recent Senate hearing, Powell questioned these reports, stating that they "are misleading and inaccurate in many ways." However, this seems to have not quelled the controversy, but rather sparked more doubts and criticism.
This series of events highlights the tension among the high-level financial officials in the United States and reflects the potential influence of political factors on financial policy. As the controversy continues to escalate, both the public and the market will closely monitor the further developments of the situation.