A: Hey buddy! What's up?
B: Not much, just catching up on the news. What's new with you?

A: Well, something big happened about our president and the Fed chair.
B: Oh, really? Tell me more!

A: So, Trump has been pushing Powell to quit over this interest rate thing. He even posted a tweet saying he should resign immediately!
B: Woah, that sounds serious! What's with the interest rates?

A: Apparently, Trump thinks Powell is too late in lowering them. He even sent him a chart comparing our rates to other countries'. The chart said "Jerome---You are, as usual, 'Too Late.'"
B: That's harsh! But I thought the Fed's role was to decide on interest rates?

A: Exactly! Powell has been cautious about lowering them because he wants to see how Trump's tariffs affect things.
B: Makes sense. I guess not everyone is happy with the Fed's position though, right?

A: Right! Even some folks in the Trump administration have criticized the Fed. It's a bit of a mess over there.
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US President Donald Trump has ramped up the pressure on Federal Reserve Chair Jerome Powell, calling on him to quit immediately.



Trump posted on social media on Wednesday that "'Too Late' should resign immediately!'' He also shared an article about a federal regulator who said Powell should be investigated over his Senate testimony.



Trump has repeatedly lashed out at the Fed chair, demanding that he promptly cut interest rates. He said earlier this week that he had sent Powell a chart showing rates set by other central banks. Trump had written on it "Jerome---You are, as usual, 'Too Late.'"



Powell has maintained a cautious stance on lowering rates, citing the need to assess the impact of Trump's tariff measures.



The Fed's position has also drawn criticism from Trump administration officials.