“President Trump blasted Federal Reserve chair Jerome Powell on Thursday with the strongest suggestion yet of intentions to try to fire the nation’s most powerful economic policymaker,” Axios reports.
“Trump’s attack comes after Powell said that tariffs were likely to stoke inflation and slow economic growth.”
Politico: “There has long been speculation that Trump would try to remove Powell from his Fed position in what would be significant interference in an institution that has jealously guarded its independence. Powell has previously said that the president doesn’t have the authority to fire him.”
Wall Street Journal: “Trump has previously said he won’t seek to replace Powell before his term expires in May 2026.”

