Trump Intensifies Calls for Federal Reserve Chair Powell's Termination Amid Supreme Court Case
President Trump escalates calls for Jerome Powell's termination as legal battles over presidential powers regarding independent agencies heat up.

Can Trump Fire Jerome Powell?

TIME Magazine

Trump Could Have Cause To Fire Powell

New York Sun

Trump Tries ‘Termination’ Threat to Sway Fed Chair Jerome Powell

New York Magazine



Summary
President Trump has renewed his calls for Federal Reserve Chair Jerome Powell's removal, insisting his termination 'cannot come fast enough.' This comes as the Supreme Court deliberates a pivotal case concerning Trump's authority to dismiss officials from independent agencies, which could indirectly affect the Fed. Trump's grievances stem from Powell's reluctance to lower interest rates and his warnings regarding the inflationary impact of tariffs. The case at hand, concerning labor agency leaders, may redefine presidential powers over independent entities. Economists stress the importance of the Fed's independence, fearing unrest in financial markets if Trump's wishes are realized.
Sources (33)
FAQ
History
- 1M
- 1M
- 1M
- 1M