Jerome Powell: Trump calls on US central bank head to quit immediately

The president has repeatedly criticised Jerome Powell for not cutting rates but has sent mixed signals about removing him from the role.

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"'Too Late' should resign immediately!!!", Trump said in a post on his Truth Social platform.

He also included a link to a news article about a US federal housing regulator calling for Mr Powell to be investigated over his testimony about renovations to the central bank's Washington headquarters.

Trump nominated Mr Powell to be the Fed chair during his first term. Since then, he has repeatedly criticised him for not cutting interest rates but it is unclear whether the president has the authority to remove him from the post.

Despite the president's continued criticism of Mr Powell, he said earlier this year that had "no intention of firing him".