Trump sharply criticized Fed Chairman Powell and announced his imminent resignation.

On January 13, during a speech on economic issues in Detroit, US President Donald Trump again publicly insulted Federal Reserve Chairman Jerome Powell, promising that he would leave his post soon.

"This idiot (Powell. — Ed.) will leave his post soon," he said.

Powell's term of office as head of the Federal Reserve expires on May 15, 2026, while he may remain a member of the Board of governors until January 31, 2028.

Hidden threat: the US has launched a criminal investigation against the head of the Federal Reserve

The case is related to the costs of repairing the regulator's headquarters

The head of the Federal Reserve announced on January 11 that the US Department of Justice was threatening him with criminal charges. According to him, the pressure is being exerted by the administration of the President of the United States because of the interest rates set by the Fed. He noted that the agency sets their value based on "public interests, and not in accordance with the preferences of the president."

At the same time, the Financial Times newspaper also reported in July last year that any attempt to limit the independence of the US Federal Reserve would "have a very bad effect on the markets."

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