#TrumpVsPowell
Word from a White House official: Trump is seriously considering removing Jerome Powell as Fed Chair—a move that would break modern precedent, as no sitting Fed Chair has ever been fired.
The feud between Trump and Powell has reignited debate over the Federal Reserve’s independence. Trump, who appointed Powell, grew increasingly frustrated during his presidency, blasting him for not slashing interest rates fast enough to juice the economy and stock market—especially before elections.
But Powell stood firm, insisting the Fed must follow the data, not political whims. His resistance to pressure became a symbol of the central bank’s commitment to long-term stability over short-term politics.
The tension between them continues to spotlight a critical question: Can the Fed stay independent in an era of growing political interference?