Trump threatens to fire Powell if the Fed Chair decides to stay on after his term ends next month
Jerome Powell said he could remain in a Federal Reserve role if no successor is confirmed or the investigation continues.
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Jerome Powell said he could remain in a Federal Reserve role if no successor is confirmed or the investigation continues.
The article reports that President Donald Trump threatened to fire Jerome Powell if Powell remains on the Federal Reserve’s governing board after his chair term ends. Powell has said he may stay while a successor is unconfirmed or an investigation remains pending, and the investigation has delayed Kevin Warsh’s confirmation.
Trump’s nominee to succeed Powell
Senator who said he would withhold support for Fed nominees until the investigation ends
Right-leaning outlets like The Gateway Pundit focus on the DOJ investigation into Fed headquarters construction, framing Powell as "stonewalling" prosecutors. In contrast, left-leaning sources such as RawStory describe the move as a "vendetta" and highlight Powell’s commitment to protecting the central bank's independence from political interference.
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