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Removal of Jerome Powell
In April 2025, tensions escalated between U.S. President Donald Trump and Federal Reserve Chairman Jerome Powell, as Trump publicly called for the 'removal' of Powell, expressing his frustration over Powell's refusal to lower interest rates.
⚖️ Legal controversy over impeachment
The Federal Reserve Act states that its chairman can only be removed 'for cause,' such as misconduct or incompetence, and not for political disagreements. So far, no Federal Reserve chairman has been removed by a sitting U.S. president during their term.
⚖️ Legal controversy over impeachment
The Federal Reserve Act states that its chairman can only be removed 'for cause,' such as misconduct or incompetence, and not for political disagreements. So far, no Federal Reserve chairman has been removed by a sitting U.S. president during their term.
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