Will Trump Fire Jerome Powell? Fed Chair Faces Rising Pressure
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The post Will Trump Fire Jerome Powell? Fed Chair Faces Rising Pressure appeared first on Coinpedia Fintech News President Donald Trump is once again targeting Federal Reserve Chair Jerome Powell, demanding his immediate resignation as tensions over interest rate policy boil over. Trump is furious that Powell has not slashed rates, blaming the Fed for rising debt-servicing costs that he claims are burdening the U.S. economy. His frustration intensified after Powell suggested that Trump’s tariffs are contributing to inflation, making it harder for the Fed to justify rate cuts. Trump quickly fired back, accusing Powell of standing in the way of economic recovery. Trump Amplifies Resignation Demands The situation escalated when Bill Pulte, head of the Federal Housing Finance Agency, accused Powell of lying during Senate testimony and acting with political bias. Trump reposted Pulte’s remarks on social media and doubled down on his demand that Powell step down immediately. This leads to the big question: Will Trump fire Jerome Powell? Can Trump Fire Powell? Legal Obstacles Remain While Trump has previously threatened to remove Powell, experts say the legal route is not that simple. The Supreme Court has reinforced that the Federal Reserve’s independence is protected, and forcibly removing the Fed Chair before the end of his term could face major legal challenges. When Does Jerome Powell’s Term End? Jerome Powell is currently serving a four-year term as Chair of the Federal Reserve, which began in May 2022. His term is set to end in May 2026. Unless he resigns voluntarily, Powell is legally protected from being removed without cause, making Trump’s threats more political than practical. [post_titles_links postid=”477927″] Powell Blames Tariffs, Trump Blames Powell Powell has repeatedly pointed out that the ongoing tariff policies introduced by Trump are driving inflationary pressure. This gives the Fed reason to remain…
