President Donald Trump cannot legally remove Federal Reserve Chair Jerome Powell before his term concludes in May 2026, unless specific legal grounds—such as misconduct or incapacity—are established. The Federal Reserve's independence is protected by law, ensuring that its decisions remain free from political influence.

In May 2025, President Trump summoned Chair Powell to the White House, expressing dissatisfaction with the Fed's decision to maintain interest rates. Despite public criticisms and suggestions of dismissal, Trump later clarified that he had no intention of firing Powell before the end of his term.

The U.S. Supreme Court has reinforced the Fed's autonomy, indicating that the President does not possess the authority to dismiss the Fed Chair at will. This distinction underscores the unique structure of the Federal Reserve, differentiating it from other federal agencies.

Chair Powell has consistently emphasized that the Federal Reserve's monetary policy decisions are grounded in objective economic analysis, aiming to achieve maximum employment and price stability. He has reiterated the importance of the Fed's independence in maintaining effective economic governance.

In summary, while President Trump can express his views and preferences regarding monetary policy, he lacks the legal authority to unilaterally remove the Federal Reserve Chair without just cause.

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