Federal Reserve Chair Jerome Powell on Tuesday stuck to his position that the central bank will keep its key rate on hold while it waits to see how President Donald Trump’s tariffs effect the

President Donald Trump has publicly demanded the resignation of Federal Reserve Chair Jerome Powell. This call comes in the wake of accusations from the Federal Housing Finance Agency Director, alleging that Powell provided misleading testimony.

Powell, who was nominated by Trump to lead the Fed during his first administration, has been facing pressure from President to vacate his position