Will the superbullrun mega cycle be created in 2025 with the fall of powell?!
Can Trump fire Powell?
Legally, the President of the United States cannot fire the Chair of the Federal Reserve, like Jerome Powell, simply because of policy disagreements. The law only allows for removal “for cause,” which usually means serious misconduct or inability to perform the role—not just differences in economic opinion.
However, Trump has publicly criticized Powell and expressed a desire to replace him. Recently, he stated that Powell’s firing “can’t come soon enough,” blaming him for not lowering interest rates even though inflation and commodity prices have declined.
Trump has claimed he has the authority to remove Powell, but that contradicts the current legal understanding of the Fed’s independence. The U.S. Supreme Court is currently reviewing the limits of presidential power over independent agencies, which could affect this situation.
Powell, whose term ends in May 2026, has made it clear he won’t resign if asked. He emphasizes the importance of the Fed’s independence in making decisions that benefit the U.S. economy.
In summary, while Trump may want to fire Powell, he cannot legally do so without just cause. Any attempt to remove him would likely face legal challenges and could shake market confidence in the independence of the central bank.
