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Trump Intensifies Push to Oust Fed Chair Powell Over Rate Disputes

  • U.S. President Donald Trump stated that Federal Reserve Chair Jerome Powell's termination 'cannot come fast enough' due to frustrations with interest rate policies.
  • Trump indicated he is considering firing Powell, whose term ends in May 2026, as he is not satisfied with interest rate cuts.
  • On his social media, Trump called for Powell to lower the Fed's short-term interest rate, urging action on this matter.
  • During a press conference, Trump emphasized his power to remove Powell quickly, saying, 'If I want him out, he'll be out of there real fast, believe me.
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Forbes broke the news in United States on Thursday, April 17, 2025.
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