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Trump threatens to fire Powell if the Fed Chair remains with central bank after his term ends

Chairman Jerome Powell faces potential firing by President Trump over his refusal to leave the Fed during an ongoing federal investigation.

Trump threatens to fire Powell if the Fed Chair remains with central bank after his term ends
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This article1 analysis · Oct 12, 2026

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Apr 15, 2026
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President Trump threatened to fire Federal Reserve Chair Jerome Powell if he remains on the Fed board after his chairmanship ends. The dispute centers on an investigation into Fed renovations that critics call a pretext to undermine central bank independence.

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20 OUTLETS
Trump Threatens to Fire Jerome Powell if He Stays at Fed

President Trump threatened to fire Jerome Powell if he remains on the Federal Reserve board after his chair term ends, amid a Justice Department investigation into renovation costs. Left-leaning outlets frame the threat and investigation as pressure on Powell and a risk to Fed independence. Center outlets mostly describe a legal and succession standoff, including Powell's plan to remain and the stalled confirmation of his successor. Right-leaning outlets focus on the renovation investigation and the case for examining whether Powell misled Congress.

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