US President Trump expresses strong disapproval of Federal Reserve chairman, calls for Powell's removal from position

US President Donald Trump and Federal Reserve Chairman Jerome Powell are engaged in a public feud, with Trump criticizing Powell for being "too late and wrong" in his warnings about the impact of tariffs on inflation. Powell, on the other hand, has warned that Trump's tariffs could lead to higher inflation and unemployment, creating a dilemma for the Fed in terms of managing the economy.