Trump demands 'terrible' Fed chair Powell resign immediately, calls for rate cuts

1. Trump criticizes Fed Chair Powell, calling for his resignation to lower rates. 2. Powell faces scrutiny over $2.5 billion renovation of Fed headquarters. 3. Allegations arise that Powell misled Congress during testimonies. 4. Trump claims Powell was more aggressive with rate cuts before election. 5. Potential political maneuvering could impact Fed's independence and market sentiment.