Former U.S. President Donald Trump signaled he wants to replace Federal Reserve Chair Jerome Powell, writing on Truth Social that he would accept “anybody but ‘too late.’” Trump has frequently used the phrase “too late” to criticize what he sees as delayed action by Powell on monetary policy. Trump’s remark prompted a flurry of market chatter and unverified social-media posts claiming Powell could resign in the coming days. As of Wednesday afternoon, neither the Federal Reserve nor Powell had issued any comment, and no credible outlet had confirmed a resignation.
JUST IN: Fed Chair Jerome Powell rumored to RESIGN. 👀 The money printer may never rest again. No one’s coming to save the dollar. https://t.co/Azl1yoJJhg
💥RUMOR: FED CHAIR JEROME POWELL EXPECTED TO RESIGN IN THE COMING DAYS. https://t.co/BZWp4JWsu0
Rumors or swirling that Jerome Powell may resign. However, there has been no indication from the FED or Mr. Powell himself that this is the case. Here's the latest on the story. https://t.co/WiC01E70Wl