#TrumpVsPowell President Trump and his team are studying whether firing Federal Reserve Chair Jerome Powell is an option, according to National Economic Council Director Kevin Hassett.

Though appointed by the president and approved by Congress, the Federal Reserve chair is an independent role. Powell was nominated to lead the Fed by Mr. Trump in 2017 and was renominated to serve another 4-year term by President Joe Biden in November 2021. Powell's term as Fed chair ends May 15, 2026.