Trump Threatens to Fire Fed Chairman if He Doesn’t Resign in May
Jerome Powell has refused to resign and maintains that the President lacks the legal authority to fire him.
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Jerome Powell has refused to resign and maintains that the President lacks the legal authority to fire him.
President Trump has threatened to fire Federal Reserve Chair Jerome Powell if he does not vacate his position by May 15. The move escalates a long-standing feud over interest rates and a DOJ investigation into Fed building costs.
Secretary of the Treasury
US Senator (NC)
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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