Remember the insider trading scandal at the Fed? El-Erian does, along with what he considers a series of missteps on inflation.

Amid tensions with the White House, Treasury Secretary Scott Bessent backed Fed Chair Jerome Powell, saying there's no need for him to step down before his term ends in May. However, Bessent suggested Powell has a chance to cement his legacy by reforming the Fed’s non-monetary functions.

Trump World was roiled momentarily Tuesday after a fake resignation letter purportedly penned by Federal Reserve Chair Jerome Powell started to make the rounds of high-profile MAGA social media

Rep. Anna Paulina Luna (R-FL) is referring Federal Reserve Chair Jerome Powell to the Department of Justice for criminal charges, accusing him of lying under oath, according to a media report.

Senator Mike Lee (R-UT) posted and then deleted a tweet celebrating the supposed resignation of Federal Reserve Chair Jerome Powell on Tuesday.

As recently as last week, President Trump was considering firing Powell, but later told reporters it was “highly unlikely” he would do so.

In a social media post, Ray Dalio outlined that he believes the disagreement between Donald Trump and Federal Reserve Chair Jerome Powell centers around the value of money, with the US president advocating for lower real interest rates and devaluation.