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Trump threatens to fire Powell if the Fed Chair remains with central bank after his term ends

President Trump threatened to fire Federal Reserve Chair Jerome Powell if he remains with the bank after his term as chair ends.

Trump threatens to fire Powell if the Fed Chair remains with central bank after his term ends
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This article1 analysis · Oct 12, 2026

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President Trump threatened to fire Federal Reserve Chair Jerome Powell if he remains on the Fed board after his chairmanship ends. The dispute centers on an investigation into Fed renovations that critics call a pretext to undermine central bank independence.

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Part of a bigger story

35 OUTLETS
Trump Threatens to Fire Powell if He Stays at Fed After Term Ends

Outlets agree President Donald Trump threatened to fire Federal Reserve Chair Jerome Powell if Powell stays at the Fed after his chair term ends in May. Coverage also connects the threat to a Justice Department investigation of Fed renovation costs and a dispute over Kevin Warsh’s nomination. Left-leaning outlets frame the threat and investigation as pressure on Fed independence, emphasizing legal and political pushback. Center outlets mostly describe a leadership and confirmation standoff, detailing the probe and the stalled Warsh nomination. Right-leaning outlets foreground Trump’s claims about Powell’s leadership and renovation costs, with some also stressing his deadline or the confirmation fight.

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