President Trump renewed his criticism on Thursday of Federal Reserve Chair Jerome Powell, ... ‘Not in love with me’ By . Reuters. Published May 8, 2025. Updated May 8, 2025, 2:11 p.m. ET.

U.S. President Donald Trump said on Friday he would "love" if Federal Reserve Chair Jerome Powell were to resign, and the president also said he wanted interest rates cut to 1%.

Chair Jerome Powell and the Fed kept short-term borrowing costs in the 4.25%-4.50% range, where they have been since December. AP Powell, asked about Trump’s criticisms in his news conference on ...