Trump says he has 'no intention' of firing Fed Chair Powell
Source: CNBC
Published Tue, Apr 22 2025 5:32 PM EDT Updated 55 Min Ago
President Donald Trump on Tuesday said he has "no intention" of firing Federal Reserve Chair Jerome Powell before his term leading the U.S. central bank ends next year. "None whatsoever," Trump said in the Oval Office when asked to clarify that he did not seek Powell's removal. "Never did."
The comment represents a dramatic shift for Trump, who has recently ramped up his rhetoric against Powell and declined to rule out the possibility of taking the unprecedented step of firing him. U.S. stock futures rose sharply across major indexes following Trumps latest remarks.
Trump, who has heaped pressure on the Fed chair to cut interest rates in hopes of goosing economic growth, said last week of Powell, "If I want him out of there, he'll be out real fast."
White House economic adviser Kevin Hassett said Friday that Trump and his aides were actively studying the possibility of firing Powell. Powell, whom Trump appointed during his first term as president, is set to serve as Fed chair until May 2026. He has flatly stated that the president cannot remove him under the law.
Read more: https://www.cnbc.com/2025/04/22/trump-says-he-has-no-intention-of-firing-fed-chair-powell.html
Until he does.
Article updated.
Previous article -
President Donald Trump on Tuesday said he has "no intention" of firing Federal Reserve Chair Jerome Powell before his term leading the U.S. central bank ends next year. "None whatsoever," Trump said in the Oval Office when asked to clarify that he did not seek Powell's removal. "Never did."
The comment represents a dramatic shift for Trump, who has recently ramped up his rhetoric against Powell and declined to rule out the possibility of taking the unprecedented step of firing him.
Trump, who has heaped pressure on the Fed chair to cut interest rates in hopes of goosing economic growth, said last week of Powell, "If I want him out of there, he'll be out real fast."
White House economic adviser Kevin Hassett said Friday that Trump and his aides were actively studying the possibility of firing Powell. Powell, whom Trump appointed during his first term as president, is set to serve as Fed chair until May 2026. He has flatly stated that the president cannot remove him under the law.
Original article -
President Donald Trump on Tuesday said he has "no intention" of firing Federal Reserve Chair Jerome Powell before his term leading the U.S. central bank expires next year.
"None whatsoever," Trump said in the Oval Office when asked to clarify that he did not seek Powell's removal. "Never did."
The comment represents a dramatic shift for Trump, who has recently ramped up his rhetoric against Powell and declined to rule out the possibility of taking the unprecedented step of firing him.
This is breaking news. Please refresh for updates.

RandySF
(73,505 posts)BumRushDaShow
(151,112 posts)Some are still litigating, others were reinstated, still others were told to go pound sand.
GreenWave
(11,084 posts)mdbl
(6,255 posts)as usual.
Lovie777
(18,066 posts)Deuxcents
(21,870 posts)Blues Heron
(6,802 posts)we can only monitor what this monster does.
Mike 03
(18,403 posts)attempt to harass Powell into quitting, or using some below the belt strategy for forcing him out.
But I hope he sticks to his pledge. This will calm a lot of people down.
RockRaven
(17,161 posts)All his complaining about people sucking, when TCF is more often than not the guy who hired the person he is complaining about.
ImNotGod
(638 posts)the market, too bad the SEC is just as crooked.
andym
(5,944 posts)so of course Trump calls him a big loser, because Powell is actually competent, unlike most of Trump's cabinet. At least someone, probably the Treasury Secretary convinced Trump to keep Powell for now.
Irish_Dem
(68,459 posts)Trump is seriously mentally ill.
And dangerous.
Botany
(73,901 posts)None whatsoever, Trump said in the Oval Office when asked to clarify that he did not seek Powells removal. Never did. 4/22
President Trump took aim at Federal Reserve Chair Jerome Powell on Thursday, writing in a social media post that Powell should be cutting interest rates and adding that his "termination cannot come fast enough." 4/17
progree
(11,834 posts)Not true, BTW, on the food or egg prices
https://www.democraticunderground.com/?com=view_post&forum=1002&pid=20261291
Last week: "If I want him out, hell be out of there real fast, believe me."
Martin68
(25,509 posts)in office.
Javaman
(63,648 posts)Then we are completely fucked
Hekate
(97,318 posts)Canada Kid
(97 posts)Trump has been told by various financial advisers and high ranking economic professionals to back off and back down, all quietly behind closed doors. The tremendous difficulty he has put the world's economy in has led to those people finally speaking up and warning him that this has to stop, and stop now. Musk announcing, he is crawling back to Tesla, Trump toning down the tariff talk on China, backing off threats to Powell, all is because he has been warned by his own insiders. Watch for little BS stories in the next while explaining his "victories" are now allowing him to back off on tariffs to certain counties. Small off-ramps to save face.
BumRushDaShow
(151,112 posts)But it has now burst out into the public, where you have oligarchs loudly demanding that he quit it.
republianmushroom
(19,546 posts)We will see how the wind is blowing.