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Fed Governor Steps Down Early, Giving Trump Opportunity to Appoint New Official

August 2, 2025

The resignation comes as President Trump has been openly pressuring the central bank to lower interest rates and calling for Jerome H. Powell, the chair, to step down.

  • Trump Says He Ordered Nuclear Submarines Repositioned After Threats From Medvedev
  • Trump, Claiming Weak Jobs Numbers Were ‘Rigged,’ Moves to Fire Labor Official

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