Senator Lummis Calls for Powell's Immediate Resignation

U.S. Senator Cynthia Lummis, a Republican from Wyoming, has publicly called for the resignation of Federal Reserve Chair Jerome Powell. In a social media post, Lummis criticized Powell for a series of perceived failures and a lack of leadership, stating that he has repeatedly failed the American people and undermined the nation's competitive edge. She emphasized the urgent need for new leadership at the Federal Reserve, asserting that Powell must step down immediately.

Lummis's call for Powell's resignation is part of a growing chorus of voices within the Senate advocating for his removal. A Republican senator from Ohio has also joined the calls, adding to the mounting pressure on Powell. The criticism against Powell includes allegations of partisan politics and punishing the American public due to political tensions, particularly in relation to tariffs imposed by the Trump administration.

The senator's demands stem from the belief that Powell's actions have had negative impacts on the economy and the nation's global standing. Lummis's statements reflect a broader sentiment among some lawmakers that the Federal Reserve's policies under Powell have not adequately served the interests of the American people. The calls for Powell's resignation highlight a significant divide within the political landscape regarding the leadership and direction of the Federal Reserve.