Is Donald Trump not firing Jerome Powell? President sends mixed signals amid speculation
The Times of IndiaThursday, July 17, 2025 at 3:06:58 AM
President Trump is sending mixed messages about whether he might fire Federal Reserve Chair Jerome Powell. While Trump has publicly vented frustration over Powell’s handling of interest rates and even joked about renovations at the Fed, he’s also said removing him is "highly unlikely"—unless there’s fraud. Still, the uncertainty has some Republican senators worried about the economic fallout if Trump actually tried to oust the Fed chief.
Editor’s Note: The Fed is supposed to operate independently from political pressure, so even the idea of Trump firing Powell rattles markets and policymakers. If Trump follows through, it could shake confidence in the central bank’s ability to steer the economy without White House interference. Investors hate uncertainty, and this drama adds another layer of it.
— Curated via WP Now’s
