Trump Set on Firing Fed Chair Powell – No Matter the Cost

WASHINGTON, D.C. – Former President Donald Trump is reportedly determined to remove Federal Reserve Chair Jerome Powell, with the White House making it clear that firing him is now a real possibility.

In a recent press briefing, Kevin Hassett, head of the National Economic Council,said:

> “The president and his team will continue to study that matter,”

when asked about Powell’s possible dismissal.

Trump has openly criticized Powell for resisting rate cuts and raising interest rates during his presidency, saying:

> “I’m not happy with him… if I want him out, he’ll be out of there real fast, believe me.”

Powell was appointed by Trump himself, but their relationship soured as the Fed hiked rates and warned against Trump’s trade policies. Legally, Fed chairs serve 14-year terms and can only be removed for cause — like misconduct or serious failure — not for policy disagreements.

Still, Trump’s team is looking for legal workarounds. A related Supreme Court case about firing protections for federal board members could set a precedent. Powell, speaking in Chicago, said he’s watching the case but doubts it will apply to the Fed.

Behind the scenes, Trump has been privately meeting with former Fed governor Kevin Warsh to explore options. Warsh reportedly advised against removing Powell, but others in Trump’s circle are still pushing for it.

Treasury Secretary Scott Bessent has warned that firing Powell could destabilize financial markets, but sources say Trump is tuning out those concerns.

Powell’s term runs until May 2026 — but with Trump’s growing frustration, the pressure is mounting.

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