Trump Renews Threat to Fire Fed Chair Powell Over Rate Decision

Trump Again Threatens Powell with Firing Over Rate Policy

Former US President Donald Trump has reignited his longstanding feud with Federal Reserve Chairman Jerome Powell, criticizing the Fed's decision to leave interest rates unchanged and suggesting Powell could be removed from office ahead of schedule.

Fed Holds Rates Steady, Trump Responds

The FOMC’s decision to hold interest rates steady was not well received by Trump, who sees the move as detrimental to economic growth and his broader political goals. In a public statement Friday, Trump escalated tensions by restating his intent to possibly fire Powell, a notion he previously floated during his presidency.

Political Pressure on Central Bank Independence

While the legality of removing a Fed chair mid-term is questionable and would face institutional resistance, Trump’s comments increase political pressure on the central bank, raising concerns about central bank independence if he returns to power.

Internal Linking Suggestions (for Tredu.com):

• Fed Interest Rate Decisions Explained
• Jerome Powell Profile & Fed Policy Outlook
• US Politics and Market Impact
• Trump's Economic Policy Archive