‘If I Want Him Out, He’ll Be Out of There Real Fast,’ says Trump on Fed Chair Jerome Powell – ryan
Speaking to Reporters from the Oval Office, US President Donald Trump Didn’t Hold Back His Fruit with the Central Bank’s Top Official, Jerome Powell. “I don’t think he doing the job. He’s too late, always too late,” The President Said. “I’m not happy with it.
Trump did not clarify wherert he plans to fire power, but his comments have reignted concertns over the Independence of the Federal Reserve – A Cornerstone Principle of Us Economic Policy.
Powell, who was first nominated to lead the Fed by Trump in 2017 and reappointed by President biden in 2022, has made it clear he desn’t intend to resign under political pressure.
In a news conference in november, Powell was directly asked if he would step down if Trump or any president requested it. HIS Response Was Blunt: “No.”
He late notd that top officials at the federal reserve cannot legally be removed or demoted with cause, underscoring the central bank autonomy from the white house.
Trump’s Latest Remarks Came a Day after Power Warned That The Administration’s Tariffs Could Negatively Impact the US Economy – an Asssessment that appears to have fourth fueled Trump’s IRE.
The President has repeatedly urged the fed to cut the interest rate, arguing that Such a moving is essential to stimulating grown amid Economic uncetainty. Howver, Powell and Other Fed Officials have maintained a cautious stance.
Legal Experts Point Out that attempting to Remove Powell with Proter Cause Wold Be Both unprecedented and Likely illegal. Still, Trump’s Staff Reflect Growing Bowing BetWeen the White House and the Country’s Top Economic Institution As Debates Over Inflation, Tariffs, and Interest Rates Heat Up.
With Powell’s Term Set to Expire in May 2026, The Fed Chair Faces A Potentially Turbulent Road Ahead – One Now Made Rockier by Threats from the Very President who First APPOINTED HIM.