{"id":51372,"date":"2025-08-01T18:38:24","date_gmt":"2025-08-01T22:38:24","guid":{"rendered":"https:\/\/stockmarketwatch.com\/stock-market-news\/trump-calls-for-powells-resignation-praises-potential-shift-in-indias-oil-purchases\/51372\/"},"modified":"2025-08-01T18:38:24","modified_gmt":"2025-08-01T22:38:24","slug":"trump-calls-for-powells-resignation-praises-potential-shift-in-indias-oil-purchases","status":"publish","type":"post","link":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/trump-calls-for-powells-resignation-praises-potential-shift-in-indias-oil-purchases\/51372\/","title":{"rendered":"Trump Calls for Powell&#8217;s Resignation, Praises Potential Shift in India&#8217;s Oil Purchases"},"content":{"rendered":"<h2>Key Takeaways<\/h2>\n<ul>\n<li><strong>Former US President Donald <a href=\"https:\/\/thestockmarketwatch.com\/live\/trump-stock-market\" data-internallinksmanager029f6b8e52c=\"8\" title=\"Trump\">Trump<\/a> has publicly called for the resignation of Federal Reserve Chair Jerome Powell, citing Powell&#39;s handling of interest rates.<\/strong><\/li>\n<li><strong><a href=\"https:\/\/thestockmarketwatch.com\/live\/trump-stock-market\" data-internallinksmanager029f6b8e52c=\"8\" title=\"Trump\">Trump<\/a> expressed approval for the possibility of India ceasing its oil purchases from Russia, calling it a &quot;good move&quot; if true.<\/strong><\/li>\n<li><strong>The call for Powell&#39;s resignation follows the early departure of Federal Reserve Governor Adriana Kugler, a Biden appointee, which Trump highlighted as a precedent.<\/strong><\/li>\n<\/ul>\n<p>Former US President Donald Trump has intensified his criticism of Federal Reserve Chair <strong>Jerome Powell<\/strong>, demanding his resignation. Trump stated on Truth Social that Powell should step down, similar to how <strong>Adriana Kugler<\/strong>, a Biden appointee and Federal Reserve Governor, recently resigned. Trump asserted that Kugler &quot;knew he was doing the wrong thing on Interest Rates,&quot; implying Powell&#39;s policies are detrimental. Kugler&#39;s resignation is effective August 8, creating an early vacancy on the Fed&#39;s board and potentially giving Trump an opportunity to influence the central bank&#39;s leadership if he were to return to office.<\/p>\n<p>In a separate development, Trump commented on India&#39;s potential shift in energy policy. He stated, &quot;I hear India might stop buying oil from Russia \u2014 if that\u2019s true, it\u2019s a good move. We\u2019ll see how it plays out,&quot; as cited by ANI. This remark highlights the <em>geopolitical implications<\/em> of energy trade and the ongoing international scrutiny of nations&#39; economic ties with Russia.<\/p>\n<p>Trump&#39;s consistent criticism of Powell centers on the Federal Reserve&#39;s interest rate decisions, which he believes have negatively impacted the US economy. He has previously accused the Fed of playing &quot;games&quot; with interest rates, suggesting they were lowered before the presidential election to influence the outcome. Trump has also claimed the US economy is &quot;BOOMING&quot; despite the Fed&#39;s actions. The former president has advocated for significantly lower interest rates, suggesting they should be around 1% or 2%.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Key Takeaways Former US President Donald Trump has publicly called for the resignation of Federal Reserve Chair Jerome Powell, citing 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