Donald Trump is reportedly exploring legal options to remove Federal Reserve Chair Jerome Powell before his term ends in 2026, criticizing him for not cutting interest rates during Trump’s presidency and accusing him of politically favoring Democrats. Trump’s advisers, including Kevin Hassett, have confirmed the consideration, while Powell has asserted he won’t resign and doubts the president’s authority to dismiss him. Amid this tension, Trump is said to be eyeing Kevin Warsh—a former Fed governor and Bush-era economic adviser—as a potential replacement, raising concerns among economists about the potential impact on the Fed’s independence and market stability.
