14 July 2025, Monday, 18:34
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Trump Hints He May Fire Fed Chief

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Trump Hints He May Fire Fed Chief

Powell has served as head of the Federal Reserve since February 2018.

US President Donald Trump said he would "probably" consider firing Federal Reserve chief Jerome Powell, whom he called a "complete and utter idiot" for his decision to leave interest rates unchanged.

This is according to a post by the US leader on ruth Social .

Trump has repeatedly criticized Powell - whom he himself appointed during his first term as president - for not lowering rates fast enough.

In April, Trump assured that he had no intention of firing Powell, whose term expires in May 2026, but hinted at a possible change of heart.

"Maybe, just maybe, I'll have to change my mind about firing him? Whatever the case, his term is almost over!" - Trump stated.

Powell has previously said he would not resign even if Trump asked him to. The two had a private meeting at the White House last month.

Trump also called Powell a "fool" and an "obvious Trump hater," noting that he tried to influence him in various ways - "being kind, neutral and angry, but nothing worked."

It should be noted that Powell has served as head of the Federal Reserve since February 5, 2018.

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