President Trump Demands Jerome Powell's Immediate Resignation from Fed Board

President Donald Trump has called for Jerome Powell to resign from the Federal Reserve Board of Governors immediately, threatening legal action for alleged corruption or incompetence. The demand follows an Office of Inspector General report regarding a $1 billion cost overrun in the renovation of the Fed's headquarters. While the report found no criminal or administrative wrongdoing by Powell, it criticized the project's management. Trump has directed the Attorney General to review the report for potential legal steps, though removing a Fed governor requires "cause" under current law.