Threatening to Fire the Fed Chair Over Interest Rate Policy
Trump repeatedly threatened to fire Federal Reserve Chair Jerome Powell over the Fed's independent interest-rate decisions, telling Fox Business "I'll have to fire him" if Powell remained past his term. Powell himself said a related administration investigation into him appeared to be "a consequence of the Federal Reserve setting interest rates based on our best assessment of what will serve the public rather than following the preferences of the president." Legal experts note the president cannot remove a Fed governor for policy disagreements — only "for cause," meaning serious misconduct, which was not alleged.
Donald Trump — Republican Party
In power 2025–present
Source
CNN Business — Trump Says He'll Fire Powell Next Month if He Stays🌍 See this event in context
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