The central bank leader had warned Wednesday that the Fed could face a difficult trade-off as tariffs raise prices and weaken the economy.

U.S. President Donald Trump said on Thursday that Federal Reserve Chair Jerome Powell's termination "cannot come fast enough," while calling for the U.S. central bank to cut interest rates, the sort of pressure that Powell just a day before had pledged to resist as the Fed grapples with an outlook complicated by Trump's own policies.

Trump said that Powell’s “termination cannot come fast enough”. Powell’s term does not expire until May 2026. The president does not have the authority to rem