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Trump Intensifies Push to Oust Fed Chair Powell Over Rate Disputes

  • President Donald Trump has reiterated his frustration with Federal Reserve Chair Jerome Powell, stating that Powell's "termination cannot come fast enough" due to his stance on interest rates.
  • The Federal Reserve operates as an independent agency, which limits the president's power to remove Powell from his position.
  • Powell maintains that the Federal Reserve will not be influenced by political pressures, stating, "We're never going to be influenced by any political pressure.
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Trump's attacks on Powell threaten the Fed's independence. Here's why it matters

Donald Trump has stepped up his attacks on Federal Reserve Chair Jerome Powell at the same time that the Supreme Court is considering a case that could make it easier for the president to fire him.

·United States
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Forbes broke the news in United States on Thursday, April 17, 2025.
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