Trump Predicts Powell’s Departure Amid Fed Rate Criticism

Former President Donald TRUMP has reiterated his criticism of Federal Reserve Chair Jerome Powell, claiming Powell will leave his position in eight months. Speaking at a White House meeting with Philippine President Ferdinand Marcos Jr., Trump stated, "I think he’s done a bad job, but he’s going to be out pretty soon anyway. In eight months, he’ll be out." Powell’s term as chair ends in ten months, though he remains a Fed board member until 2028.

Trump lacks the authority to dismiss Powell without cause, a legal hurdle that has stalled previous attempts to oust him. The WHITE House previously scrutinized the Fed’s building renovations as potential grounds for removal, but Powell has denied any wrongdoing. The remarks underscore growing political tensions surrounding Fed policy, particularly as Trump pressures for rate cuts ahead of the 2026 chair transition.