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Trump vs Powell: Why the Fed Chief Can’t Be Fired So Easily

Trump vs Powell: Donald Trump has reignited his feud with Federal Reserve Chair Jerome Powell, declaring that Powell’s resignation "cannot come fast enough." The attack came after Powell warned that Trump’s sweeping tariffs could drive inflation and slow economic growth. Trump, who first appointed Powell in 2017, blames the Fed for not cutting interest rates, despite falling prices on oil and groceries. But legal experts say Trump can't simply fire the Fed chair, who is protected by laws ensuring central bank independence. Powell, unfazed, reaffirmed that the Fed will not bow to political pressure—a stance that has drawn support from Wall Street and even some of Trump’s critics.

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