Social media declaration comes after Federal Housing Finance Agency head accuses Fed chief of lying to lawmakers.

President Donald Trump's long-standing feud with Fed Chair Jerome Powell burns on, this time with him calling on Powell to resign immediately. In a Wednesday night Truth Social post, the president said, "'Too Late' should resign immediately!!!"

Federal Reserve Chair Jerome Powell said on Tuesday he would not rule out a potential interest rate cut as soon as this month. The remarks come amid a public pressure campaign from President Donald Trump, who has repeatedly urged Powell to slash interest rates.