$ETH According to a White House official, Trump is indeed intent on removing Jerome Powell as Fed Chair. If this happens, it would be the first time in modern U.S. history that a sitting Fed Chair 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 continually criticized Powell, whom he appointed as Fed Chair, for not making sufficiently aggressive interest rate cuts to stimulate the economy.