#TrumpVsPowell Trump says he has 'no intention' of firing Fed Chair Powell

Published Tue, Apr 22 2025 5:32 PM EDTUpdated Wed, Apr 23 2025 10:17 AM EDT

Kevin Breuninger@KevinWilliamB

WATCH LIVE

KEY POINTS

President Donald Trump said he has "no intention" of firing Federal Reserve Chair Jerome Powell before his term leading the U.S. central bank expires next year.

Trump has recently ramped up his rhetoric against Powell and declined to rule out the possibility of taking the unprecedented step of firing him.

U.S. stock futures rose sharply across major indexes following Trump's latest remarks.



U.S. President Donald Trump speaks at the White House in Washington, D.C., U.S., April 22, 2025.

Kevin Lamarque | Reuters

President Donald Trump on Tuesday said he has "no intention" of firing Federal Reserve Chair Jerome Powell before his term leading the U.S. central bank ends next year.

"None whatsoever," Trump said in the Oval Office when asked to clarify that he did not seek Powell's removal. "Never did."