President Donald Trump's long-standing feud with Fed Chair Jerome Powell burns on, this time with him calling on Powell to resign immediately. In a Wednesday night Truth Social post, the president said, "'Too Late' should resign immediately!!!"

The president has been angry with Powell over the U.S. central bank's hesitance to succumb to his demand for lowering interest rates.

U.S. Secretary of the Treasury Scott Bessent speaks during a press conference following a weekly policy luncheon on Capitol Hill in Washington, D.C., U.S., June 24, 2025. REUTERS/Kevin Mohatt/File Photo WASHINGTON (Reuters) -The Trump administration will focus on finding a replacement for Federal Reserve Chairman Jerome Powell this fall,