Trump advisor calls for Powell's removal from Fed council after report

Kevin Hassett, Trump's top economic advisor, publicly urged Jerome Powell to leave the Federal Reserve's board following an internal report citing management failures in the Fed headquarters renovation, though no criminal wrongdoing was found. This marks an escalation in political pressure on the Fed chair, potentially undermining central bank independence. The move is largely symbolic as Powell's term as chair extends beyond Trump's current mandate, but it signals heightened political interference in monetary policy.