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BTCC / BTCC Square / Global Cryptocurrency /
Trump Drafts Letter to Fire Federal Reserve Chair Jerome Powell

Trump Drafts Letter to Fire Federal Reserve Chair Jerome Powell

Author:
Global Cryptocurrency
Published:
2025-07-16 16:34:02
21
1
BTCCSquare news:

President Donald TRUMP has reportedly prepared a letter to dismiss Federal Reserve Chair Jerome Powell, escalating tensions over monetary policy. The move follows repeated criticisms from Trump, who claims Powell has failed to sufficiently lower interest rates. Earlier assurances that Powell would remain in his position have now given way to active preparations for his removal.

Market observers note the unusual pressure on Fed independence, with Trump polling congressional Republicans on the decision. Powell's resistance to immediate rate cuts has become a flashpoint, fueling speculation about his tenure. The situation echoes April's deliberations, when Trump explored legal avenues to oust the Fed chair amid accusations of political bias.

|Square

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