Trump Signals Possible Ouster of Fed Chair Powell

Source: Coinomedia Original Title: Trump Hints at Firing Fed Chair Jerome Powell Original Link: In a fresh escalation of his long-running feud with the U.S. central bank, former President Donald Trump has stated that he may still fire Federal Reserve Chair Jerome Powell if he returns to the White House in 2025.

Trump’s comments came amid renewed scrutiny of the Fed’s interest rate policies and their impact on the U.S. economy. Despite Powell’s term running until May 2026, Trump’s remarks suggest that the independence of the central bank could once again be tested under his leadership.

A Tense History Between Trump and Powell

This isn’t the first time Trump has taken aim at Powell. During his presidency, Trump frequently criticized the Fed for not cutting interest rates fast enough and even considered demoting Powell in 2019.

Now, with the 2024 election behind him and political momentum building, Trump’s comments are being seen as a warning shot. While it’s legally unclear whether a sitting president can outright fire the Fed chair without cause, Trump’s rhetoric could rattle markets already sensitive to interest rate expectations.

What’s at Stake for the Markets

The Federal Reserve plays a critical role in shaping monetary policy, and any disruption at the top could impact investor confidence, the dollar, and interest rate stability. Powell has largely stayed focused on fighting inflation, keeping rates elevated through most of 2025.

Trump’s possible return to power—paired with aggressive comments about Fed leadership—adds a layer of uncertainty as markets head into 2026. Analysts say that even talk of removing Powell could undermine the perception of central bank independence, potentially increasing volatility across financial markets, including crypto.