#TrumpVsPowell US President Donald Trump is considering firing Federal Reserve Chair Jerome Powell, according to National Economic Council Director Kevin Hassett. Trump has frequently criticized Powell, whom he originally nominated during his first term, accusing him of playing politics.

*Recent Developments:*

- *Trump's Threats*: Trump stated, "I'm not happy with him. I let him know it and if I want him out, he'll be out of there real fast, believe me."

- *Powell's Warning*: Powell had warned that Trump's sweeping tariffs would likely increase prices and constrain economic growth, potentially forcing the Fed to choose between tackling inflation and unemployment.

- *Analysis*: Some analysts, like BCA Research, believe Powell might be Trump's best ally, despite the criticism.

- *Potential Process*: Trump doesn't have direct authority to fire Powell, but he could initiate a lengthy process to attempt to unseat him by proving "cause".

*Implications:*

- *Market Impact*: The possibility of Powell's termination could lead to market uncertainty and volatility.

- *Economic Concerns*: Trump's tariffs and Powell's warnings have sparked concerns about inflation, economic growth, and the Fed's independence.