President Donald Trump called on Federal Reserve Chairman Jerome Powell to resign if he misled Congress during recent testimony.
During a Cabinet meeting Tuesday, Trump said he supported a Congressional investigation into Powell. Trump has repeatedly called on Powell to resign over his refusal to lower interest rates.
At a Senate Banking Committee hearing last week, Powell denied reports the Federal Reserve spent billions to turn the headquarters into the “Palace of Versailles,” as Sen. Tim Scott, R-S.C., described it.
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