#TrumpVsPowell Trump vs. Powell: A Showdown That Could Shake Global Markets
Donald Trump is once again targeting Federal Reserve Chair Jerome Powell — and this time, the threat feels real. The White House has acknowledged that removing Powell is under serious consideration, raising the stakes in a political showdown with global economic consequences.
Kevin Hassett, head of the National Economic Council, confirmed the administration is exploring its options:
"The president and his team will continue to study that matter."
Trump's frustration with Powell was made crystal clear:
"I’m not happy with him. I let him know it — and if I want him out, he’ll be out real fast, believe me."
The irony? Powell was Trump’s own pick. But their relationship quickly soured after the Fed raised interest rates, refused to bow to White House pressure, and warned that Trump’s aggressive trade tactics could damage the economy. Trump wanted swift rate cuts — Powell stayed the course.
Can Trump Really Fire Powell?
Not easily. Fed governors serve 14-year terms and can only be removed “for cause” — meaning legal misconduct or negligence. Still, Trump’s legal team is pushing the envelope. A pending Supreme Court case could expand presidential authority and possibly make Powell more vulnerable.
What’s at Stake?
Treasury Secretary Scott Bessent has reportedly cautioned that ousting Powell could spark financial turbulence. Nevertheless, Trump has been quietly floating replacements in private meetings — including former Fed governor Kevin Warsh — despite pushback from within the administration.
Why Binance Traders Should Be Watching
This isn’t just Beltway drama — it could have massive implications for markets:
Threat to Fed independence
Uncertainty around interest rate direction
Potential instability in the U.S. dollar
Market volatility if Powell is pushed out
With Trump turning up the heat and Powell holding the line, this clash could ripple far beyond Washington — and traders across the globe are bracing for impact.
