President Donald Trump said Jerome Powell should “resign immediately” if allegations from an administration official that the Federal Reserve chair misled lawmakers prove true, while deepening his personal attacks against the head of the central bank over interest rate policy.

Trump's push to oust Jerome Powell over interest rates and Fed renovation costs highlights growing tensions around economic inequality and political control.

President Donald Trump on Wednesday reignited his attacks against Federal Reserve Chair Jerome Powell and called for significant rate cuts yet again to trim the federal deficit. In two posts on his social media platform Truth Social,