President Donald Trump continued his criticisms of Federal Reserve Chair Jerome Powell on Tuesday but appeared resigned that he will have to wait until next May, when Powell’s second four-year term ends, to appoint a new chair.

Trump has been irate that the Fed has not lowered interest rates from its benchmark 4.25% to 4.5 % since he began his second term. He has called on Powell to resign and threatened to fire him.

During an Oval Office appearance with Philippines President Ferdinand Marcos Jr., Trump was asked whether he thinks Powell should resign.

Read more at Newsmax© 2025 Newsmax. All rights reserved.