Breaking: Trump Threatens to Fire Jerome Powell—Can He Actually Sack the Fed Chair?

The political-financial showdown of 2025 just escalated. President Trump’s latest power move? A direct challenge to Federal Reserve Chair Jerome Powell’s job security. But here’s the trillion-dollar question: Can he legally pull the trigger?

Fed chairs typically serve four-year terms, but the law’s murky on early termination. Section 10 of the Federal Reserve Act suggests removal is possible ‘for cause’—think negligence or malfeasance, not policy disagreements. Good luck proving that with Powell’s track record.

Wall Street’s already placing bets. Bitcoin spiked 3% on the news—because nothing says ‘stable monetary policy’ like traders hedging against constitutional crises. Meanwhile, goldbugs and crypto maximalists are oddly united in schadenfreude.

One banking exec quipped, ‘This is why we stack Satoshis and buy vaults in Switzerland.’ The Fed, for its part, maintains its ‘independence’—just like your ‘self-custody’ crypto wallet that somehow always needs KYC.

Bottom line: Trump might want Powell gone, but the legal path looks rockier than a pre-halving Bitcoin mining difficulty adjustment. The real fireworks? Watching DC lawyers and economists argue about statutory interpretation while the markets do their usual panic dance.