Trump says he’ll fire Powell next month if he stays in his role at the Fed
President Trump threatened to fire Jerome Powell if he does not step down, citing concerns over Fed construction costs.
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President Trump threatened to fire Jerome Powell if he does not step down, citing concerns over Fed construction costs.
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 Federal Reserve Chair Jerome Powell if he refuses to step down next month, amid a DOJ investigation into central bank construction costs and a stalled Senate confirmation for his successor.
President Trump has threatened to fire Fed Chair Jerome Powell if he does not resign by May 15, citing alleged mismanagement of a multi-billion dollar headquarters renovation. Right-leaning outlets like Fox Business and The Daily Caller focus on Trump's accusations of "incompetence" and his push for nominee Kevin Warsh. In contrast, left-leaning sources such as RawStory and MS NOW frame the ultimatum as a personal "vendetta" that faces significant judicial and legislative pushback.
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