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BumRushDaShow

(151,112 posts)
Tue Apr 22, 2025, 05:46 PM Tuesday

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 Trump’s 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 -

Published Tue, Apr 22 2025 5:32 PM EDT Updated 9 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.

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 -

Published Tue, Apr 22 2025 5:32 PM EDT Updated 7 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 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.


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20 replies = new reply since forum marked as read
Highlight: NoneDon't highlight anything 5 newestHighlight 5 most recent replies
Trump says he has 'no intention' of firing Fed Chair Powell (Original Post) BumRushDaShow Tuesday OP
Because he can't. RandySF Tuesday #1
He canned a pile of "un-cannable" Board members and independent Inspector Generals BumRushDaShow Tuesday #10
Exactly. There are 12 board members too. GreenWave Tuesday #12
Dump gaslights that it would have been his decision mdbl 22 hrs ago #16
I don't shithole can............. Lovie777 Tuesday #2
Chairman Powell is safe because TSF is a man of his word 🙃 Deuxcents Tuesday #3
his words have no meaning because he lies so much Blues Heron Tuesday #4
The markets would appreciate it even more if he'd have promised not to Mike 03 Tuesday #5
Did someone finally remind him that he was the one who nominated Powell? RockRaven Tuesday #6
Up to his stock pump and dump tricks again, his clown show must be making billions manipulating ImNotGod Tuesday #7
Powell is one of Trump's better appointments: he helped stabilize the economy andym Tuesday #8
He can say the opposite tomorrow. Irish_Dem Tuesday #9
How to tell if Krasnov is lying? His lips are moving. Botany Tuesday #11
Yesterday's full quote on "Mr. Too Late, a major loser" progree Tuesday #13
Clearly someone explained to the Orange Dump that the consequences of firing Powell would be the end of his term Martin68 Tuesday #14
Until he does Javaman Tuesday #15
Right up until Powell gets escorted from the building Hekate 20 hrs ago #17
Behind the scenes...what is really happening Canada Kid 19 hrs ago #18
I think it was "quiet/behind the scenes" early on, cajoling him to cool it some BumRushDaShow 18 hrs ago #19
Flip, flop, tomorrow maybe different. republianmushroom 17 hrs ago #20

BumRushDaShow

(151,112 posts)
10. He canned a pile of "un-cannable" Board members and independent Inspector Generals
Tue Apr 22, 2025, 06:28 PM
Tuesday

Some are still litigating, others were reinstated, still others were told to go pound sand.

Mike 03

(18,403 posts)
5. The markets would appreciate it even more if he'd have promised not to
Tue Apr 22, 2025, 05:55 PM
Tuesday

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)
6. Did someone finally remind him that he was the one who nominated Powell?
Tue Apr 22, 2025, 05:57 PM
Tuesday

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)
7. Up to his stock pump and dump tricks again, his clown show must be making billions manipulating
Tue Apr 22, 2025, 06:04 PM
Tuesday

the market, too bad the SEC is just as crooked.

andym

(5,944 posts)
8. Powell is one of Trump's better appointments: he helped stabilize the economy
Tue Apr 22, 2025, 06:05 PM
Tuesday

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.

Botany

(73,901 posts)
11. How to tell if Krasnov is lying? His lips are moving.
Tue Apr 22, 2025, 07:06 PM
Tuesday

“None whatsoever,” Trump said in the Oval Office when asked to clarify that he did not seek Powell’s 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)
13. Yesterday's full quote on "Mr. Too Late, a major loser"
Tue Apr 22, 2025, 07:58 PM
Tuesday
https://finance.yahoo.com/news/live/stock-market-today-dow-sp-500-nasdaq-sink-with-trumps-tariffs-powell-bashing-in-focus-133040210.html
"With Energy Costs way down, food prices (including Biden's egg disaster!) substantially lower, and most other "things" trending down, there is virtually No Inflation. With these costs trending so nicely downward, just what I predicted they would do, there can almost be no inflation, but there can be a SLOWING of the economy unless Mr. Too Late, a major loser, lowers interest rates, NOW. Europe has already "lowered" seven times. Powell has always been "To Late", [sic] except when it came to the Election period when he lowered in order to help Sleepy Joe Biden, later Kamala, get elected. How did that work out" -- April 21, 9:41 AM.
(bolding added related to Powell)

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, he’ll be out of there real fast, believe me."

Martin68

(25,509 posts)
14. Clearly someone explained to the Orange Dump that the consequences of firing Powell would be the end of his term
Tue Apr 22, 2025, 10:23 PM
Tuesday

in office.

Canada Kid

(97 posts)
18. Behind the scenes...what is really happening
Wed Apr 23, 2025, 09:56 AM
19 hrs ago

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)
19. I think it was "quiet/behind the scenes" early on, cajoling him to cool it some
Wed Apr 23, 2025, 10:20 AM
18 hrs ago

But it has now burst out into the public, where you have oligarchs loudly demanding that he quit it.

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