Trump open to idea of firing Fed Chair Powell, source says
Investing.comWednesday, July 16, 2025 at 4:00:53 PM
According to a source familiar with the matter, former President Donald Trump has privately expressed openness to replacing Federal Reserve Chair Jerome Powell if he wins the 2024 election. This isn’t the first time Trump has clashed with Powell—during his presidency, he repeatedly criticized the Fed’s interest rate policies, calling them too restrictive. The remarks suggest Trump’s potential return could reignite tensions between the White House and the central bank, which traditionally operates independently.
Editor’s Note: The Fed’s independence is a big deal—it’s designed to steer the economy without political interference. If Trump were to push out Powell, it could rattle markets and raise concerns about the Fed’s ability to fight inflation or recession without pressure from the Oval Office. Investors and economists hate uncertainty, and this kind of talk adds fuel to that fire.
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