Commerce Secretary Calls for Fed Chair Jerome Powell to Resign
US Commerce Secretary Howard Lutnick is calling for Fed Chair Jerome Powell to resign, the secretary said in a Fox interview on Thursday. Lutnick said that Powell “has to go” and recommended getting a replacement Fed Chair soon. JUST IN: Commerce Secretary Howard Lutnick calls for Fed Chair Jerome Powell to resign. pic.twitter.com/0HbwJ0fZOn — Watcher.Guru (@WatcherGuru) July 24, 2025 “He should either resign or be replaced,” Lutnick said in the Fox interview. He also discussed the hesitance from the Federal Reserve to lower interest rates, something US President Donald Trump has also bashed Powell for. “It makes no sense… We are the most important country in the world with the greatest economy in the world. Why in the world do we have such a high interest rate? It’s got to be cut down,” Lutnick said. Fed officials have defended the pause on rate cuts due to uncertainty over the effect of tariffs on prices and that inflation hasn’t yet re...