Trump says Fed's Jerome Powell should resign immediately

US President Donald Trump has called for Federal Reserve Chair Jerome Powell to resign immediately, criticising him for not cutting interest rates. Trump blames Powells decisions for costing the nation large sums and is considering a shortlist of replacements. Treasury Secretary Scott Bessent, economic adviser Kevin Hassett, Vice Chair Michelle Bowman, Kevin Warsh and Christopher Waller are among the names in the mix. Powell, appointed by Obama and nominated as chair by Trump, faces growing pressure.