Will Trump Fire Jerome Powell? Fed Chair Faces Rising Pressure

President Donald TRUMP has renewed his attacks on Federal Reserve Chair Jerome Powell, demanding his resignation amid escalating tensions over interest rate policy. Trump's frustration stems from Powell's reluctance to cut rates, which the President blames for increasing debt-servicing costs and stifling economic growth.

The conflict deepened after Powell suggested Trump's tariffs are fueling inflation, complicating the case for rate cuts. Trump retaliated by accusing Powell of obstructing economic recovery. The situation intensified when Bill Pulte, head of the Federal Housing Finance Agency, alleged Powell lied during Senate testimony and acted with political bias—a claim Trump amplified on social media.

Legal experts argue removing Powell before his term ends in May 2026 WOULD face significant hurdles. The Supreme Court has upheld the Federal Reserve's independence, making a forced ouster unlikely despite Trump's threats.