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Trump says he has “no intention of firing” Federal Reserve chief Jerome Powell

22 April 2025
in USA
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Trump says he has “no intention of firing” Federal Reserve chief Jerome Powell
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Trump’s Position on Fed Chair Powell

President Trump stated he has “no intention of firing” Federal Reserve Chair Jerome Powell, despite recently criticizing him as a “major loser” for not cutting interest rates quickly enough. While Trump expressed frustration with Powell’s decisions, he clarified he never planned to dismiss him, although he noted it would be an opportune time for rate reductions. Legal constraints exist on firing a Fed chair, as they can only be removed “for cause,” but the Trump administration is exploring its options regarding Powell’s potential termination.

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Tags: ChiefDonald TrumpfederalFederal ReservefiringintentionJeromeJerome PowellPowellReserveTrump
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