#TrumpVsPowell According to a White House official, Trump is indeed intent on firing Jerome Powell as Fed Chairman. If this happens, it would be the first time in modern U.S. history that a sitting Fed Chairman has been dismissed.

The conflict between Donald Trump and Jerome Powell has become a focal point in discussions about the independence of the Federal Reserve. During his presidency, Trump constantly criticized Powell, whom he appointed as Fed Chairman, for not making aggressive enough interest rate cuts to stimulate the economy.