Trump says he’ll fire Powell next month if he stays in his role at the Fed
Senator Thom Tillis has emerged as a key holdout, refusing to confirm a new Fed nominee until the Powell investigation ends.
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Senator Thom Tillis has emerged as a key holdout, refusing to confirm a new Fed nominee until the Powell investigation ends.
Republished from CNN, with credit to the original publisher.
10 stories · 83–89 · updated Sep 25, 2026
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President Trump threatened to fire Fed Chair Jerome Powell if he remains in office after his term expires in May, escalating a battle over the central bank's independence and a DOJ probe into renovation costs.
Outlets across the spectrum report on Senator Tillis's refusal to confirm Fed nominees until the DOJ probe into Jerome Powell is resolved. Left-leaning sources like RawStory emphasize Tillis's sharp rhetoric calling the investigation a "bogus" revenge crusade, while Fox News frames the situation as a deepening "tiff" between the Senator and President Trump that threatens the new chair's confirmation.
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