1. What Happened?
Donald Trump said that if he tells Jerome Powell to leave the Federal Reserve, “he’ll be out of there
2. Why Did He Say That?
Trump doesn’t think Powell is doing a good job running the economy.
3. Who Is Jerome Powell?
Powell is the head of the U.S. Federal Reserve, which controls interest rates and helps manage inflation.
Trump picked him in 2017, and Biden gave him another term in 2022.
4. Can Trump Fire Him?
Not easily. The law says a president can’t remove the Fed Chair just because they disagree.
5. Why This Matters:
The Fed is supposed to be independent from politics. Trump’s comments raise questions about whether he’d try to take more control over it.