Trump threatens to fire Powell if the Fed Chair decides to stay on after his term ends next month
President Trump threatened to fire Federal Reserve Chair Jerome Powell if he remains on the governing board after his chairmanship ends.

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President Trump threatened to fire Federal Reserve Chair Jerome Powell if he remains on the governing board after his chairmanship ends.

Republished from Associated Press, with credit to the original publisher.
411 stories · 96.5–97.3 · updated Sep 25, 2026
This is Associated Press's own score, and this article is credited to Associated Press. The host score in the Source Check is WTOP News's.
President Trump threatened to fire Federal Reserve Chair Jerome Powell if he remains on the Fed board after his term ends in May, while a DOJ investigation into Fed construction costs faces accusations of being a political pretext.
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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