Korea Zinc Plans $6.78 Billion U.S. Smelter Investment With Government Partnership 
BOJ Expected to Deliver December Rate Hike as Economists See Borrowing Costs Rising Through 2025 
Thousands Protest in Brazil Against Efforts to Reduce Jair Bolsonaro’s Prison Sentence 
Belarus Pledges to Halt Smuggling Balloons Into Lithuania 
Russian Drone Attack Hits Turkish Cargo Ship Carrying Sunflower Oil to Egypt, Ukraine Says 
Global Leaders Condemn Deadly Antisemitic Shooting at Sydney’s Bondi Beach During Hanukkah 
Fed Near Neutral Signals Caution Ahead, Shifting Focus to Fixed Income in 2026 
European Leaders Tie Ukraine Territorial Decisions to Strong Security Guarantees 
International Outcry Grows Over Re-Arrest of Nobel Laureate Narges Mohammadi in Iran 
Bank of Korea Downplays Liquidity’s Role in Weak Won and Housing Price Surge 
RBA Signals Possible Rate Implications as Inflation Proves More Persistent 
Indonesia Aims to Strengthen Rupiah as Central Bank Targets 16,400–16,500 Level 
Kazakhstan Central Bank Holds Interest Rate at 18% as Inflation Pressures Persist 
U.S. President Donald Trump stated in a recent interview that he would welcome Federal Reserve Chair Jerome Powell’s resignation, though he acknowledged removing him could rattle financial markets. The remarks aired Wednesday on the Real America’s Voice network, further intensifying Trump’s public criticism of Powell.
Trump has ramped up pressure on Powell over what he calls a delayed response in cutting interest rates. He also joined other Republicans in criticizing a $2.5 billion renovation of the Federal Reserve’s historic Washington headquarters, citing excessive costs. The criticism has fueled speculation that Trump’s team may be exploring the renovation budget as a legal pathway to remove Powell before his term ends in May 2026.
“I’d love if he wants to resign — that would be up to him,” Trump said, while admitting that dismissing Powell could disrupt markets. He doubled down on his critique of the Fed’s renovation spending during the interview.
Despite the pressure, Powell has remained firm. A Federal Reserve spokesperson reiterated that Powell has no intention of resigning and would not do so if asked. Powell, first nominated by Trump in 2017 and reappointed by President Joe Biden in 2021, has consistently stated his commitment to serve his full term, which ends May 15, 2026.
There is no evidence of fraud tied to the renovation project. The Fed has defended its handling of the construction, emphasizing transparency and compliance with oversight standards.
Trump also said earlier Wednesday that he has no current plans to fire Powell, a move that legal experts say would be difficult without cause. Still, his repeated attacks suggest tensions between the White House and the central bank are far from over.
