#TrumpVsPowell tensions escalated today, April 19, 2025. President Trump intensified his criticism of Federal Reserve Chair Jerome Powell, urging interest rate cuts and hinting at Powell’s removal, saying his “termination can’t come fast enough.” Trump’s team, including adviser Kevin Hassett, is studying whether firing Powell is feasible, despite legal barriers protecting the Fed’s independence. Powell, whose term ends in May 2026, insists he won’t resign, citing economic data over political pressure. This feud risks market volatility, with potential replacements like Kevin Warsh in discussion. The Supreme Court may soon weigh in on this power struggle.
