Trump’s Quest for More Sway Over Fed Faces Fresh Hurdles
The article reports that Trump has pressed for lower interest rates and said he would fire Powell if Powell did not leave the Fed after his chair term.
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The article reports that Trump has pressed for lower interest rates and said he would fire Powell if Powell did not leave the Fed after his chair term.
Republished from The New York Times, with credit to the original publisher.
31 stories · 94–95 · updated Sep 25, 2026
This is The New York Times's own score, and this article is credited to The New York Times. The host score in the Source Check is DNYUZ's.
The article reports that Kevin Warsh’s path to Senate confirmation as Federal Reserve chair is complicated by a Justice Department investigation involving Jerome Powell, while Senator Thom Tillis says he will not advance the nomination until the legal threats against Powell end. It says Powell could remain on the Fed board, affecting President Trump’s influence over the central bank and Warsh’s leadership challenges.
Senator withholding support for advancing Warsh’s nomination until legal threats against Powell end
Tillis's version of this story ↗Federal Reserve chair whose investigation and potential continued board service are central to the story
Powell's version of this story ↗Trump’s nominee to succeed Powell as Federal Reserve chair
Warsh's version of this story ↗Loading comments…
