President Donald Trump has once again put Federal Reserve Chairman Jerome Powell in the crosshairs, demanding his immediate resignation.

According to Yahoo Finance, Trump reiterated his call for Powell to step down during a Cabinet meeting in Washington on Tuesday. His frustration, echoed from a Truth Social post last Wednesday, centers on Powell’s reluctance to slash interest rates amid looming economic pressures.

Trump’s beef isn’t new, but it’s gaining steam as he openly muses about replacements who might better align with his vision for lower rates. While he didn’t dive into specifics, his bluntness signals a broader dissatisfaction with the Fed’s current stewardship.

Rate Cuts and Political Timing Under Scrutiny

Trump didn’t hold back when questioned about Powell’s past actions, accusing him of “cutting rates like crazy” before last November’s presidential election. He suggested Powell was playing favorites, quipping that the chairman was “trying to get them in, I guess,” in reference to his Democratic opponents.

That accusation, while sharp, raises a fair point about the timing of monetary policy and its potential to sway voter sentiment. If the Fed’s moves were indeed calculated for political impact, it’s a breach of the independence we expect from such an institution.

Trump’s critique here isn’t just partisan noise; it’s a call for accountability in a system that too often hides behind technocratic jargon. The question remains whether Powell’s decisions were truly neutral or if they carried an agenda.

Congressional Probe into Fed Renovations Sparks Debate

Adding fuel to the fire, Trump gave a nod to congressional Republicans investigating Powell over alleged misstatements about the Fed’s headquarters renovation costs. “It’s OK with me; I think he is terrible,” Trump said, leaving little doubt about his stance on the chairman’s credibility.

While Powell dismissed media reports on the project as “misleading and inaccurate in many, many respects” during Senate testimony last month, the controversy lingers. If there’s even a whiff of dishonesty here, it only deepens the case for fresh leadership at the Fed.

Trump’s willingness to let Congress dig deeper shows he’s not just ranting—he’s backing a process to uncover the truth. This isn’t about personal vendettas; it’s about ensuring the Fed isn’t above scrutiny.

Potential Successors Line Up for Powell’s Role

As Powell’s term as chair nears its end next May, Trump is already eyeing replacements, claiming to have “two or three top choices” in mind. Names like Treasury Secretary Scott Bessent, former Fed governor Kevin Warsh, and others are floating as contenders, signaling a possible shake-up.

During the Cabinet meeting, Trump even turned to Bessent with a pointed “I like you better,” a not-so-subtle hint at his preferences. If Bessent or another pick takes the helm, it could mark a pivot toward policies more in sync with Trump’s economic goals.

Options are on the table, including appointing a new Fed board member to a 14-year seat opening soon, who could later transition to chair. Alternatively, a shorter two-year chair appointment in May is possible, though it assumes Powell steps down from the board early.

A Battle for Economic Direction Looms Large

Powell’s hesitation on rate cuts, citing risks like inflation from Trump’s proposed tariffs, clashes directly with the president’s push for immediate relief. Trump wants someone at the Fed who prioritizes growth over caution, and he’s not shy about saying so.

With Powell’s board term extending to 2028, the chairman could theoretically stay on even if replaced as chair, complicating the transition. Yet Trump’s team, including Bessent, seems determined to reshape the Fed’s lineup, hinting at filling multiple seats next year.

This is a high-stakes fight over America’s economic future, coming at a moment when every decision matters. Trump’s pushback reflects a broader conservative frustration with unelected officials who seem out of touch with everyday Americans. No matter what happens to Powell, the debate over the Fed’s role is only getting started.