Economic advisor to the White House Kevin Hassett stated on Friday that President Donald Trump and his team are considering the issue of dismissing Jerome Powell, the Chairman of the Federal Reserve.

Hassett responded to a question at the White House about whether Powell's dismissal is a viable option: "The President and his team will continue to consider this matter."

Hassett's statement came a day after Trump escalated an old dispute with Powell, accusing him of acting "for political purposes" by not lowering interest rates.

Trump added that he has the authority to dismiss Powell from his position "very quickly."

Earlier, he told Powell that the law "does not allow for his dismissal," and that he would not leave his position if Trump asked him to, indicating that he intends to continue in his role until the end of his term in May 2026.