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Donald Trump is once again taking aim at Federal Reserve Chair Jerome Powell — and this time, he might actually follow through. The White House has confirmed that firing Powell is now a real possibility, setting the stage for a political showdown with major implications for global markets.

Kevin Hassett, head of the National Economic Council, confirmed the administration is weighing its options:

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

This comes on the heels of Trump’s blunt remarks:

“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.”

Ironically, Trump appointed Powell himself. But the relationship soured after Powell raised interest rates, resisted pressure from the White House, and warned that Trump’s trade policies could harm the economy. Trump wanted rate cuts — and fast — but Powell didn’t budge.

Can Trump Actually Fire Powell?

It’s complicated. Fed governors serve 14-year terms and can only be removed “for cause,” meaning misconduct or negligence. Still, Trump’s legal team is testing the boundaries. A Supreme Court ruling could soon reshape presidential authority, potentially making Powell’s position vulnerable.