Sen. Mike Lee (R-UT) deleted a social media post on Tuesday featuring a fake resignation letter supposedly written and signed by Federal Reserve Chairman Jerome Powell. Lee initially celebrated Powell’s alleged departure from the central bank before quickly deleting the post.

President Donald Trump on Wednesday dramatically escalated his rhetoric against Federal Reserve Chair Jerome Powell, calling for the resignation of the U.S. central ... But the U.S. central bank has resisted Trump’s calls, citing concerns about the ...

Jerome Powell is concerned about the optics if he resigns from the central bank because the president wants him to.

POLITICS Colin Powell calls for Trump's resignation 'as quickly as possible': 'He should be totally ashamed of himself' The retired four-star general served under former President George W. Bush

President Donald Trump's renewed calls for Federal Reserve Chair Jerome Powell's resignation have prompted investors to protect portfolios against the risk of higher inflation, as a central bank more willing to lower interest rates could fuel price rises and make lenders demand higher compensation to hold bonds.

“Groceries, as we call it, are down. Other than interest rates, everything’s down.” Powell was appointed Fed chairman in 2018 during Trump’s first term.