Trump Considering Firing Federal Reserve Chair Jerome Powell

President Donald Trump is considering firing Federal Reserve Chair Jerome Powell, which has sparked discussions and concerns among White House officials and congressional Republicans. The potential move could lead to legal challenges and has been a topic of conversation in various meetings and reports. Trump's indication to allies and Republican lawmakers about the possible firing of Powell has raised speculation and uncertainty about the future of the Federal Reserve leadership.

Latest News

2025-07-17

Unprecedented! What Storm Would Ensue If Trump Fires Powell?

2025-07-17

Unprecedented Move: What Turmoil Would Ensue If Trump Fired Powell?

2025-07-17

Trump's "Fire Powell" Threat Fizzles as Markets Grow Immune to Policy Whiplash

User Discussion

vuvence IX

2025-07-18

$Powell(POWL)$ If the President keeps him in place until the end of his term then this will strengthen the US economy and more importantly restore global faith in the robustness of the US political systems. This restraint alone will pay dividends for decades to come. With the polarization of US politics the world worries that the USA is decaying into some sort of tin foil hat wearing republic, but we are not quite sure of the quality and thickness of the tin foil. Removing the Fed Chair will just re-enforce this anxiety and money will flow into other markets that perhaps offer similar fiscal insecurity but higher returns. Why people invest in the USA is because we fundamentally trust the moral fibre of the place and hence the US Dollar

What Happens If Trump Fires Fed Chair Jerome Powell?

离火大运

2025-07-17

i'm not even surprised anymore. All this move just to spike and lower the market price for their benefits and market control

Trump Says He's "Not Planning" to Fire Fed's Powell

Barcode

2025-07-17

$SPDR Gold Shares(GLD)$ $iShares Russell 2000 ETF(IWM)$ $ARK Innovation ETF(ARKK)$ 🔥🧠📉 What Happens If Powell Gets Pulled? The Market’s Fragile Illusion 📉🧠🔥 What would markets do if the Fed Chair were suddenly removed? Forget earnings for a moment, this week’s macro chaos is rewriting the market’s script in real time. Donald Trump just detonated a political grenade in markets, publicly ranting against Jerome Powell while seemingly forgetting he appointed him. Then, in an even more surreal twist, Rep. Anna Paulina Luna declared on record: “Firing is imminent.” Wall Street blinked, CNBC anchors scrambled, and JPMorgan CEO Jamie Dimon issued a quiet warning: “The inde

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will fire Fed's Powell, CBS reports","subtitle":"","subtitle_show":0,"pub_time":1752677780000,"source_id":"reuters_news_en","language":"en","url":"https://api.refinitiv.com/data/news/v1/stories/urn:newsml:reuters.com:20250716:nS0N3S001O:1","is_publish_highlight":0,"symbols_score_info":{},"rights":null},{"id":314360,"article_id":"2551868129","title":"Cbs Citing Sources: Trump Asked Republican Lawmakers IF He Should Fire Fed's Powell","subtitle":"","subtitle_show":0,"pub_time":1752677779431,"source_id":"reuters_en_live","language":"en","url":"https://api.refinitiv.com/data/news/v1/stories/urn:newsml:reuters.com:20250716:nS0N3S001O:1","is_publish_highlight":0,"symbols_score_info":{},"rights":null}],"views":[],"tweetList":[{"id":457745189417536,"gmtCreate":1752777839842,"gmtModify":1752785493825,"author":{"id":"4185398225303912","authorId":"4185398225303912","name":"vuvence 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With the polarization of US politics the world worries that the USA is decaying into some sort of tin foil hat wearing republic, but we are not quite sure of the quality and thickness of the tin foil. Removing the Fed Chair will just re-enforce this anxiety and money will flow into other markets that perhaps offer similar fiscal insecurity but higher returns. Why people invest in the USA is because we fundamentally trust the moral fibre of the place and hence the US Dollar","listText":"<a href=\"https://ttm.financial/S/POWL\">$Powell(POWL)$ </a> If the President keeps him in place until the end of his term then this will strengthen the US economy and more importantly&nbsp;restore global faith in the robustness of the US political systems.&nbsp; This restraint alone will pay dividends for decades to come. With the polarization of US politics the world worries that the USA is decaying into some sort of tin foil hat wearing republic, but we are not quite sure of the quality and thickness of the tin foil. Removing the Fed Chair will just re-enforce this anxiety and money will flow into other markets that perhaps offer similar fiscal insecurity but higher returns. Why people invest in the USA is because we fundamentally trust the moral fibre of the place and hence the US Dollar","text":"$Powell(POWL)$ If the President keeps him in place until the end of his term then this will strengthen the US economy and more importantly restore global faith in the robustness of the US political systems. This restraint alone will pay dividends for decades to come. With the polarization of US politics the world worries that the USA is decaying into some sort of tin foil hat wearing republic, but we are not quite sure of the quality and thickness of the tin foil. Removing the Fed Chair will just re-enforce this anxiety and money will flow into other markets that perhaps offer similar fiscal insecurity but higher returns. Why people invest in the USA is because we fundamentally trust the moral fibre of the place and hence the US Dollar","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/457745189417536","repostId":"1150300158","repostType":4,"repost":{"id":"1150300158","kind":"news","pubTimestamp":1752720893,"share":"https://ttm.financial/m/news/1150300158?lang=en_US&edition=fundamental","pubTime":"2025-07-17 10:54","market":"us","language":"en","title":"What Happens If Trump Fires Fed Chair Jerome Powell?","url":"https://stock-news.laohu8.com/highlight/detail?id=1150300158","media":"Bloomberg","summary":"Donald Trump’s relentless pressure on Jerome Powell is once again roiling markets and raising questions about what would happen next if the president fired the embattled Federal Reserve chair.Such a...","content":"<div>\n<p>Donald Trump’s relentless pressure on Jerome Powell is once again roiling markets and raising questions about what would happen next if the president fired the embattled Federal Reserve chair.Such a ...</p>\n\n<a href=\"https://www.bloomberg.com/news/articles/2025-07-17/what-happens-if-trump-fires-fed-chair-jerome-powell\">Source Link</a>\n\n</div>\n","source":"lsy1584095487587","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>What Happens If Trump Fires Fed Chair Jerome Powell?</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; 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height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nWhat Happens If Trump Fires Fed Chair Jerome Powell?\n</h2>\n\n<h4 class=\"meta\">\n\n\n2025-07-17 10:54 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.bloomberg.com/news/articles/2025-07-17/what-happens-if-trump-fires-fed-chair-jerome-powell><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Donald Trump’s relentless pressure on Jerome Powell is once again roiling markets and raising questions about what would happen next if the president fired the embattled Federal Reserve chair.Such a ...</p>\n\n<a href=\"https://www.bloomberg.com/news/articles/2025-07-17/what-happens-if-trump-fires-fed-chair-jerome-powell\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{".DJI":"道琼斯",".IXIC":"NASDAQ Composite",".SPX":"S&P 500 Index"},"source_url":"https://www.bloomberg.com/news/articles/2025-07-17/what-happens-if-trump-fires-fed-chair-jerome-powell","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1150300158","content_text":"Donald Trump’s relentless pressure on Jerome Powell is once again roiling markets and raising questions about what would happen next if the president fired the embattled Federal Reserve chair.Such a move would be a first in US history and would almost certainly trigger a landmark lawsuit that would grip both Washington and Wall Street and ultimately be decided by the US Supreme Court.The latest turmoil erupted July 16 amid reports that Trump was expected to move soon against Powell, who’s been in the president’s crosshairs for failing to heed his calls for lower interest rates. Trump pushed back on the reports, saying Powell’s ouster was “highly unlikely, unless he has to leave” due to “fraud.”That was a reference to cost overruns for renovations at the Fed headquarters, which Trump and his allies have been zeroing in on as a potential reason to fire Powell “for cause.” Section 10 of the Federal Reserve Act, the law that governs the central bank, says members of the Fed’s Board of Governors, of which the chair is one, can be “removed for cause.”Whether cost overruns amount to such wrongdoing would be a novel matter for the courts.What would likely happen next if Trump fired Powell?The firing would take effect right away, but Powell could immediately sue, most likely in Washington federal court, and ask for an injunction reinstating him while the litigation moves forward. Both sides would file briefs outlining their arguments, giving Powell an opportunity to portray his firing as unjustified. The judge could hold a hearing before issuing a decision on the injunction. The outcome might hinge on whether Powell sways the judge that he – and the Fed – would suffer “irreparable harm” during the case if the status quo weren’t maintained.The ruling on the injunction would be crucial because it could be months or longer before a judge rules on the merits of the case. If Powell’s request for an injunction were denied, his firing would remain in effect and the Fed vice chair would serve as chair. That post is currently held by Philip Jefferson. Jefferson was nominated to the Fed board by then-President Joe Biden in 2022. Powell was nominated as chair in 2017 by Trump, during his first term as president.If the injunction were granted, Powell could remain in office while the case moves forward. Either side could appeal, meaning a federal appeals court panel would weigh in, potentially followed by the Supreme Court.A Supreme Court decision on an injunction in all likelihood would resolve the case. Although the losing side could continue litigating the case, the chances of the justices effectively reversing themselves later on would be small.What would the Supreme Court likely do if the case got there?The Supreme Court indicated in May that Trump can’t simply fire Powell without any grounds. In letting Trump oust officials at two other agencies without having to give a justification, the court majority said the decision didn’t mean the president wielded similar authority at the Fed. The court called the central bank a “uniquely structured, quasi-private entity.”Still, the ruling left open the possibility that Powell could be fired for cause. And Trump’s Supreme Court track record is likely to put him in a strong position should the case land there. The court’s conservative supermajority has repeatedly declined to second-guess Trump’s judgments, conferring broad criminal immunity on the president last year and then granting a barrage of requests to let policies of his that are under legal challenge take effect this year.“They are getting out of Trump’s way,” said Jed Shugerman, a Boston University law professor who is an expert on presidential power.Even if lower court judges or the Supreme Court finds Trump unlawfully fired Powell, it’s not clear he’d be able to stay in his job, said Jonathan Shaub, an executive power expert at the University of Kentucky J. David Rosenberg College of Law who has served under Democratic presidents in the White House and Justice Department.He pointed to two indicators. First, in a June 27 ruling in the legal fight over Trump’s policy restricting birthright citizenship, the Supreme Court narrowed the authority of federal judges to provide “equitable relief,” which is a court-ordered remedy requiring a party to do or stop doing something, rather than paying money to settle a lawsuit. Second, Justice Neil Gorsuch wrote an opinion earlier in the year suggesting it wasn’t appropriate for courts to reinstate high-level officials.What would a legal case hinge on?It would depend on what reason or reasons Trump gave. If the president were to take the “for cause” route, accusing Powell of mismanaging the Fed headquarters renovation, the case might hinge on the details of that project and who made the decisions that led to the cost overruns.Laws that describe “for cause” generally define the term as encompassing three possibilities: inefficiency; neglect of duty; and malfeasance, meaning wrongdoing, in office. There’s no consensus on what the terms, which gained prominence in Congress more than a century ago, mean specifically. A judge would have to decide, based on arguments from both sides, whether Powell’s role in the renovation cost overruns amounted to any of the three.But clear legal precedents would be few and far between. The Supreme Court has never considered whether a president had adequate grounds to dismiss an official for cause.“We’ve never tested this kind of statute before, and certainly not in the context of the Fed,” said Adam White, a scholar who focuses on the Supreme Court and the administrative state at the American Enterprise Institute.A report by Columbia Law School lecturers Jane Manners and Lev Menand said that inefficiency in this context has been described as “wasteful government administration caused by inept officers,” while malfeasance in office has been characterized as a “wrongful act committed in the execution of one’s duties that caused injury to others.” Neglect of duty, they said, indicated a “failure to perform one’s duties in a way that caused injury to others.”It would be up to the courts to decide how the “for cause” standard applied to any lawsuit by Powell.What’s the issue with the Fed’s renovation project?The Fed is in the midst of the first large-scale renovation of its two main buildings in Washington since they were built in the 1930s. The central bank has said the project is designed to reduce costs over time by consolidating the bank’s operations.The renovation plans were first approved by the Fed’s board in 2017. Since then, the price tag has swollen. According to Fed budget documents for 2025, the overall cost estimate for the project has risen to $2.5 billion, compared with $1.9 billion in 2023.The bank attributes the increase in the estimate mainly to design changes that were a result of consultations with review agencies, differences between estimated and actual costs, and unforeseen circumstances such as finding more asbestos than anticipated.A number of Trump allies have seized on the renovation in an apparent effort to build a case to justify firing Powell.Bill Pulte, director of the Federal Housing Finance Administration has alleged, without providing details, that Powell lied about the specifics of the project during a June 25 Senate hearing. Pulte has asserted this would warrant removing Powell “for cause” and called on Congress to investigate. A Fed official said that Powell’s statements were truthful.Russell Vought, director of the White House Office of Management and Budget, said in a July 10 social media post that the renovation project was “an ostentatious overhaul.”Trump has said that Powell should be investigated for fraud related to the renovations.At Powell’s request, the Fed’s Inspector General has launched an investigation of the project’s cost increases.How quickly could a new permanent chair take the helm if Powell is removed?A new, permanent chair would need to be nominated by Trump and confirmed by the Senate, a process that typically takes some weeks if not months. In the interim, the Federal Reserve Act states that the vice chair “shall serve in the absence of the Chairman.”What would Powell’s dismissal mean for interest rates?Removing the Fed chief wouldn’t necessarily solve Trump’s main beef with the central bank. He wants lower interest rates, but a new chair couldn’t deliver that alone. Rates are set by the Federal Open Market Committee, which is currently headed by Powell. The FOMC has the ability to elect its own chair. That position has typically been held by the Fed chair, though it can be held by any one of the other 18 policymakers on the committee. All 19 members participate in FOMC meetings and 12 vote. That means a new chair would have to win over the other members with a reasonable case for cutting rates.How would financial markets react to Powell’s dismissal?Investors value the Fed’s status as an independent organization. Without it, the central bank’s pledge to keep inflation in check lacks credibility. And expectations for higher inflation can drastically shift the price of financial assets.Within 30 minutes of a Bloomberg report that Trump would likely fire Powell, the S&P 500 index of US stocks fell 1%, the yield on the 30-year US treasury bond rose 10 basis points, and the Bloomberg Dollar Spot Index declined 1.2%.Bloomberg Economics’ Anna Wong said that if Trump actually moves to dismiss the Fed chair, it would result eventually in slower economic growth, higher unemployment and sticky inflation.","news_type":1,"symbols_score_info":{".DJI":1.1,".IXIC":1.1,".SPX":1.1}},"isVote":1,"tweetType":1,"viewCount":1459,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":457411040854720,"gmtCreate":1752709605396,"gmtModify":1752709608850,"author":{"id":"3571481185535443","authorId":"3571481185535443","name":"离火大运","avatar":"https://community-static.tradeup.com/news/189f52b40601a84250936378d76b8d71","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3571481185535443","authorIdStr":"3571481185535443"},"themes":[],"htmlText":"i'm not even surprised anymore. All this move just to spike and lower the market price for their benefits and market control","listText":"i'm not even surprised anymore. All this move just to spike and lower the market price for their benefits and market control","text":"i'm not even surprised anymore. All this move just to spike and lower the market price for their benefits and market control","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/457411040854720","repostId":"1113470614","repostType":2,"repost":{"id":"1113470614","kind":"news","weMediaInfo":{"introduction":"Reuters.com brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and technology","home_visible":1,"media_name":"Reuters","id":"1032215980","head_image":"https://community-static.tradeup.com/news/4567337cbdf294b657b1fa87c5488b48"},"pubTimestamp":1752706813,"share":"https://ttm.financial/m/news/1113470614?lang=en_US&edition=fundamental","pubTime":"2025-07-17 07:00","market":"us","language":"en","title":"Trump Says He's \"Not Planning\" to Fire Fed's Powell","url":"https://stock-news.laohu8.com/highlight/detail?id=1113470614","media":"Reuters","summary":"SummaryTrump does not shut the door on attempting an ousterSenator Tillis defends Fed's independence as key to US credibilityPowell has said he plans to serve out his term(Reuters) - U.S. President...","content":"<html><head></head><body><p><strong>Summary</strong></p><ul style=\"\"><li><p>Trump does not shut the door on attempting an ouster</p></li><li><p>Senator Tillis defends Fed&#39;s independence as key to US credibility</p></li><li><p>Powell has said he plans to serve out his term</p></li></ul><p>(Reuters) - U.S. President Donald Trump said Wednesday he is not planning to fire Federal Reserve Chair Jerome Powell even as he unleashed a fresh round of criticism against the central bank chief for not lowering interest rates and declined to completely reject the possibility of ousting him.</p><p>A Bloomberg report earlier Wednesday that the president is likely to fire Powell soon sparked a drop in stocks and the dollar, and a rise in Treasury yields.</p><p>Trump, who criticizes Powell on an almost daily basis for being &#34;TOO LATE&#34; to cut interest rates, said the report wasn&#39;t true, but confirmed he had floated the idea with Republican lawmakers on Tuesday evening, marking the latest chapter in an escalating campaign of pressure by Trump against the independent central bank and its embattled chief.</p><p>&#34;I don&#39;t rule out anything, but I think it&#39;s highly unlikely unless he has to leave for fraud,&#34; Trump said, a reference to recent White House and Republican lawmaker criticism of cost overruns in the $2.5 billion renovation of the Fed&#39;s historic headquarters in Washington. There has been no evidence of fraud, and the Fed has pushed back on criticism of its handling of the project.</p><p>Treasury yields pared declines and stocks ended the day up after Trump&#39;s comments, which also included the familiar complaint that Powell is a &#34;terrible&#34; chair for keeping the Fed&#39;s short-term policy rate in the 4.25%-4.50% range since December while the central bank assesses the impact of sharply higher tariffs on inflation.</p><p>Trump blames the Fed for higher long-term rates that increase the cost of U.S. government borrowing, and his attacks on Powell have continued since his July 4 signing the &#34;Big Beautiful Bill&#34; tax and spending bill that independent analysts say will add trillions of dollars to the U.S. deficit.</p><p>Meanwhile, Republican Senator Thom Tillis, who opposed that bill and has since said he won&#39;t run for reelection, delivered a spirited defense of an independent Fed, which economists say is the linchpin of U.S. financial and price stability.</p><h2 id=\"id_1342978253\" style=\"text-align: start;\">&#39;HUGE MISTAKE&#39;</h2><p>&#34;There&#39;s been some talk about potentially firing the Fed chair,&#34; said Tillis, a member of the Senate Banking Committee that oversees the Fed and confirms presidential nominations to its Board. Subjecting the Fed to direct presidential control would be a &#34;huge mistake,&#34; he said.</p><p>&#34;The consequences of firing a Fed Chair, just because political people don&#39;t agree with that economic decision, will be to undermine the credibility of the United States going forward and I would argue if it happens you are going to see a pretty immediate response, and we&#39;ve got to avoid that,&#34; said Tillis.</p><p>Asked if it would be a problem for Trump to fire Powell, Senate Majority Leader John Thune told reporters: “My understanding is he doesn’t have any intention of doing that.”</p><p>&#34;President Trump&#39;s own analysis and that of his Treasury Secretary is that he cannot fire Jay Powell,&#34; House Financial Services Committee Chair French Hill told CNBC earlier on Wednesday.</p><p>Powell, who was nominated by Trump in late 2017 to lead the Fed and then nominated for a second term by Democratic President Joe Biden four years later, has repeatedly said he intends to serve out his term that goes through May 15, 2026. A recent Supreme Court opinion has solidified a long-standing interpretation of the law that the Fed chair cannot be fired over policy differences but only &#34;for cause.&#34;</p><h2 id=\"id_3518103356\" style=\"text-align: start;\">RENOVATIONS AT THE FED</h2><p>Last week, the White House appeared to try to lay the groundwork for that when the director of the Office of Management and Budget, Russell Vought, sent Powell a letter saying Trump was &#34;extremely troubled&#34; by the renovations of two Fed buildings.</p><p>Powell responded by asking the U.S. central bank&#39;s inspector general to review the project, and the central bank posted a &#39;frequently asked questions&#39; factsheet, opens new tab, which rebutted some of Vought&#39;s assertions about VIP dining rooms and elevators that he said added to the costs.</p><p>&#34;Nobody is fooled by President Trump and Republicans&#39; sudden interest in building renovations — it&#39;s clear pretext to fire Fed Chair Powell,&#34; Elizabeth Warren, the top Democrat on the Senate Banking Committee and herself a longtime critic of Powell, posted on X. Warren was the committee&#39;s only member to vote against Powell&#39;s renomination to chair in 2022.</p><p>Fed policymakers are worried that, with 40-year-high inflation only recently in the rear-view mirror, any bump up in inflation coupled with a too-early cut to short-term borrowing costs could ignite expectations that inflation is back, a potentially self-fulfilling prophecy that could weaken the economy and undermine progress on price stability.</p><p>Analysts said they feared the pressure campaign on Powell would continue -- with deleterious effects on the Fed&#39;s ability to do its congressionally mandated job of keeping prices stable and to maximize employment.</p><p>&#34;Any reduction in the independence of the Fed would likely add upside risks to an inflation outlook that is already subject to upward pressures from tariffs and somewhat elevated inflation expectations,&#34; wrote JP Morgan chief US economist Michael Feroli, who said he doubts the &#34;saga&#34; of the president&#39;s repeated threats to remove Powell is over with.</p><p>He and others noted that continued pressure on Powell would likely push up longer-term interest rates as investors demand more protection from the risk of higher inflation -- making US government borrowing more, not less, expensive.</p><p>The &#34;formal process&#34; for identifying a successor to Powell is under way, Treasury Secretary Scott Bessent has said. Bessent is one candidate for the job, along with White House economic advisor Kevin Hassett, former Fed governor Kevin Warsh, and Fed Governor Christopher Waller.</p></body></html>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Trump Says He's \"Not Planning\" to Fire Fed's Powell</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nTrump Says He's \"Not Planning\" to Fire Fed's Powell\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1032215980\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://community-static.tradeup.com/news/4567337cbdf294b657b1fa87c5488b48);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Reuters </p>\n<p class=\"h-time\">2025-07-17 07:00</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><p><strong>Summary</strong></p><ul style=\"\"><li><p>Trump does not shut the door on attempting an ouster</p></li><li><p>Senator Tillis defends Fed&#39;s independence as key to US credibility</p></li><li><p>Powell has said he plans to serve out his term</p></li></ul><p>(Reuters) - U.S. President Donald Trump said Wednesday he is not planning to fire Federal Reserve Chair Jerome Powell even as he unleashed a fresh round of criticism against the central bank chief for not lowering interest rates and declined to completely reject the possibility of ousting him.</p><p>A Bloomberg report earlier Wednesday that the president is likely to fire Powell soon sparked a drop in stocks and the dollar, and a rise in Treasury yields.</p><p>Trump, who criticizes Powell on an almost daily basis for being &#34;TOO LATE&#34; to cut interest rates, said the report wasn&#39;t true, but confirmed he had floated the idea with Republican lawmakers on Tuesday evening, marking the latest chapter in an escalating campaign of pressure by Trump against the independent central bank and its embattled chief.</p><p>&#34;I don&#39;t rule out anything, but I think it&#39;s highly unlikely unless he has to leave for fraud,&#34; Trump said, a reference to recent White House and Republican lawmaker criticism of cost overruns in the $2.5 billion renovation of the Fed&#39;s historic headquarters in Washington. There has been no evidence of fraud, and the Fed has pushed back on criticism of its handling of the project.</p><p>Treasury yields pared declines and stocks ended the day up after Trump&#39;s comments, which also included the familiar complaint that Powell is a &#34;terrible&#34; chair for keeping the Fed&#39;s short-term policy rate in the 4.25%-4.50% range since December while the central bank assesses the impact of sharply higher tariffs on inflation.</p><p>Trump blames the Fed for higher long-term rates that increase the cost of U.S. government borrowing, and his attacks on Powell have continued since his July 4 signing the &#34;Big Beautiful Bill&#34; tax and spending bill that independent analysts say will add trillions of dollars to the U.S. deficit.</p><p>Meanwhile, Republican Senator Thom Tillis, who opposed that bill and has since said he won&#39;t run for reelection, delivered a spirited defense of an independent Fed, which economists say is the linchpin of U.S. financial and price stability.</p><h2 id=\"id_1342978253\" style=\"text-align: start;\">&#39;HUGE MISTAKE&#39;</h2><p>&#34;There&#39;s been some talk about potentially firing the Fed chair,&#34; said Tillis, a member of the Senate Banking Committee that oversees the Fed and confirms presidential nominations to its Board. Subjecting the Fed to direct presidential control would be a &#34;huge mistake,&#34; he said.</p><p>&#34;The consequences of firing a Fed Chair, just because political people don&#39;t agree with that economic decision, will be to undermine the credibility of the United States going forward and I would argue if it happens you are going to see a pretty immediate response, and we&#39;ve got to avoid that,&#34; said Tillis.</p><p>Asked if it would be a problem for Trump to fire Powell, Senate Majority Leader John Thune told reporters: “My understanding is he doesn’t have any intention of doing that.”</p><p>&#34;President Trump&#39;s own analysis and that of his Treasury Secretary is that he cannot fire Jay Powell,&#34; House Financial Services Committee Chair French Hill told CNBC earlier on Wednesday.</p><p>Powell, who was nominated by Trump in late 2017 to lead the Fed and then nominated for a second term by Democratic President Joe Biden four years later, has repeatedly said he intends to serve out his term that goes through May 15, 2026. A recent Supreme Court opinion has solidified a long-standing interpretation of the law that the Fed chair cannot be fired over policy differences but only &#34;for cause.&#34;</p><h2 id=\"id_3518103356\" style=\"text-align: start;\">RENOVATIONS AT THE FED</h2><p>Last week, the White House appeared to try to lay the groundwork for that when the director of the Office of Management and Budget, Russell Vought, sent Powell a letter saying Trump was &#34;extremely troubled&#34; by the renovations of two Fed buildings.</p><p>Powell responded by asking the U.S. central bank&#39;s inspector general to review the project, and the central bank posted a &#39;frequently asked questions&#39; factsheet, opens new tab, which rebutted some of Vought&#39;s assertions about VIP dining rooms and elevators that he said added to the costs.</p><p>&#34;Nobody is fooled by President Trump and Republicans&#39; sudden interest in building renovations — it&#39;s clear pretext to fire Fed Chair Powell,&#34; Elizabeth Warren, the top Democrat on the Senate Banking Committee and herself a longtime critic of Powell, posted on X. Warren was the committee&#39;s only member to vote against Powell&#39;s renomination to chair in 2022.</p><p>Fed policymakers are worried that, with 40-year-high inflation only recently in the rear-view mirror, any bump up in inflation coupled with a too-early cut to short-term borrowing costs could ignite expectations that inflation is back, a potentially self-fulfilling prophecy that could weaken the economy and undermine progress on price stability.</p><p>Analysts said they feared the pressure campaign on Powell would continue -- with deleterious effects on the Fed&#39;s ability to do its congressionally mandated job of keeping prices stable and to maximize employment.</p><p>&#34;Any reduction in the independence of the Fed would likely add upside risks to an inflation outlook that is already subject to upward pressures from tariffs and somewhat elevated inflation expectations,&#34; wrote JP Morgan chief US economist Michael Feroli, who said he doubts the &#34;saga&#34; of the president&#39;s repeated threats to remove Powell is over with.</p><p>He and others noted that continued pressure on Powell would likely push up longer-term interest rates as investors demand more protection from the risk of higher inflation -- making US government borrowing more, not less, expensive.</p><p>The &#34;formal process&#34; for identifying a successor to Powell is under way, Treasury Secretary Scott Bessent has said. Bessent is one candidate for the job, along with White House economic advisor Kevin Hassett, former Fed governor Kevin Warsh, and Fed Governor Christopher Waller.</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{".SPX":"S&P 500 Index",".IXIC":"NASDAQ Composite",".DJI":"道琼斯"},"source_url":"","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1113470614","content_text":"SummaryTrump does not shut the door on attempting an ousterSenator Tillis defends Fed's independence as key to US credibilityPowell has said he plans to serve out his term(Reuters) - U.S. President Donald Trump said Wednesday he is not planning to fire Federal Reserve Chair Jerome Powell even as he unleashed a fresh round of criticism against the central bank chief for not lowering interest rates and declined to completely reject the possibility of ousting him.A Bloomberg report earlier Wednesday that the president is likely to fire Powell soon sparked a drop in stocks and the dollar, and a rise in Treasury yields.Trump, who criticizes Powell on an almost daily basis for being \"TOO LATE\" to cut interest rates, said the report wasn't true, but confirmed he had floated the idea with Republican lawmakers on Tuesday evening, marking the latest chapter in an escalating campaign of pressure by Trump against the independent central bank and its embattled chief.\"I don't rule out anything, but I think it's highly unlikely unless he has to leave for fraud,\" Trump said, a reference to recent White House and Republican lawmaker criticism of cost overruns in the $2.5 billion renovation of the Fed's historic headquarters in Washington. There has been no evidence of fraud, and the Fed has pushed back on criticism of its handling of the project.Treasury yields pared declines and stocks ended the day up after Trump's comments, which also included the familiar complaint that Powell is a \"terrible\" chair for keeping the Fed's short-term policy rate in the 4.25%-4.50% range since December while the central bank assesses the impact of sharply higher tariffs on inflation.Trump blames the Fed for higher long-term rates that increase the cost of U.S. government borrowing, and his attacks on Powell have continued since his July 4 signing the \"Big Beautiful Bill\" tax and spending bill that independent analysts say will add trillions of dollars to the U.S. deficit.Meanwhile, Republican Senator Thom Tillis, who opposed that bill and has since said he won't run for reelection, delivered a spirited defense of an independent Fed, which economists say is the linchpin of U.S. financial and price stability.'HUGE MISTAKE'\"There's been some talk about potentially firing the Fed chair,\" said Tillis, a member of the Senate Banking Committee that oversees the Fed and confirms presidential nominations to its Board. Subjecting the Fed to direct presidential control would be a \"huge mistake,\" he said.\"The consequences of firing a Fed Chair, just because political people don't agree with that economic decision, will be to undermine the credibility of the United States going forward and I would argue if it happens you are going to see a pretty immediate response, and we've got to avoid that,\" said Tillis.Asked if it would be a problem for Trump to fire Powell, Senate Majority Leader John Thune told reporters: “My understanding is he doesn’t have any intention of doing that.”\"President Trump's own analysis and that of his Treasury Secretary is that he cannot fire Jay Powell,\" House Financial Services Committee Chair French Hill told CNBC earlier on Wednesday.Powell, who was nominated by Trump in late 2017 to lead the Fed and then nominated for a second term by Democratic President Joe Biden four years later, has repeatedly said he intends to serve out his term that goes through May 15, 2026. A recent Supreme Court opinion has solidified a long-standing interpretation of the law that the Fed chair cannot be fired over policy differences but only \"for cause.\"RENOVATIONS AT THE FEDLast week, the White House appeared to try to lay the groundwork for that when the director of the Office of Management and Budget, Russell Vought, sent Powell a letter saying Trump was \"extremely troubled\" by the renovations of two Fed buildings.Powell responded by asking the U.S. central bank's inspector general to review the project, and the central bank posted a 'frequently asked questions' factsheet, opens new tab, which rebutted some of Vought's assertions about VIP dining rooms and elevators that he said added to the costs.\"Nobody is fooled by President Trump and Republicans' sudden interest in building renovations — it's clear pretext to fire Fed Chair Powell,\" Elizabeth Warren, the top Democrat on the Senate Banking Committee and herself a longtime critic of Powell, posted on X. Warren was the committee's only member to vote against Powell's renomination to chair in 2022.Fed policymakers are worried that, with 40-year-high inflation only recently in the rear-view mirror, any bump up in inflation coupled with a too-early cut to short-term borrowing costs could ignite expectations that inflation is back, a potentially self-fulfilling prophecy that could weaken the economy and undermine progress on price stability.Analysts said they feared the pressure campaign on Powell would continue -- with deleterious effects on the Fed's ability to do its congressionally mandated job of keeping prices stable and to maximize employment.\"Any reduction in the independence of the Fed would likely add upside risks to an inflation outlook that is already subject to upward pressures from tariffs and somewhat elevated inflation expectations,\" wrote JP Morgan chief US economist Michael Feroli, who said he doubts the \"saga\" of the president's repeated threats to remove Powell is over with.He and others noted that continued pressure on Powell would likely push up longer-term interest rates as investors demand more protection from the risk of higher inflation -- making US government borrowing more, not less, expensive.The \"formal process\" for identifying a successor to Powell is under way, Treasury Secretary Scott Bessent has said. Bessent is one candidate for the job, along with White House economic advisor Kevin Hassett, former Fed governor Kevin Warsh, and Fed Governor Christopher Waller.","news_type":1,"symbols_score_info":{".DJI":1.1,".SPX":1.1,".IXIC":1.1}},"isVote":1,"tweetType":1,"viewCount":1083,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":457508712862360,"gmtCreate":1752687065499,"gmtModify":1752743393824,"author":{"id":"4171900329979952","authorId":"4171900329979952","name":"Barcode","avatar":"https://community-static.tradeup.com/news/6688d8fb4c2a255e3b901e79755e56df","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4171900329979952","authorIdStr":"4171900329979952"},"themes":[],"htmlText":"<a href=\"https://ttm.financial/S/GLD\">$SPDR Gold Shares(GLD)$</a> <a href=\"https://ttm.financial/S/IWM\">$iShares Russell 2000 ETF(IWM)$</a> <a href=\"https://ttm.financial/S/ARKK\">$ARK Innovation ETF(ARKK)$</a> 🔥🧠📉 What Happens If Powell Gets Pulled? The Market’s Fragile Illusion 📉🧠🔥 What would markets do if the Fed Chair were suddenly removed? Forget earnings for a moment, this week’s macro chaos is rewriting the market’s script in real time. Donald Trump just detonated a political grenade in markets, publicly ranting against Jerome Powell while seemingly forgetting he appointed him. Then, in an even more surreal twist, Rep. Anna Paulina Luna declared on record: “Firing is imminent.” Wall Street blinked, CNBC anchors scrambled, and JPMorgan CEO Jamie Dimon issued a quiet warning: “The inde","listText":"<a href=\"https://ttm.financial/S/GLD\">$SPDR Gold Shares(GLD)$</a> <a href=\"https://ttm.financial/S/IWM\">$iShares Russell 2000 ETF(IWM)$</a> <a href=\"https://ttm.financial/S/ARKK\">$ARK Innovation ETF(ARKK)$</a> 🔥🧠📉 What Happens If Powell Gets Pulled? The Market’s Fragile Illusion 📉🧠🔥 What would markets do if the Fed Chair were suddenly removed? Forget earnings for a moment, this week’s macro chaos is rewriting the market’s script in real time. Donald Trump just detonated a political grenade in markets, publicly ranting against Jerome Powell while seemingly forgetting he appointed him. Then, in an even more surreal twist, Rep. Anna Paulina Luna declared on record: “Firing is imminent.” Wall Street blinked, CNBC anchors scrambled, and JPMorgan CEO Jamie Dimon issued a quiet warning: “The inde","text":"$SPDR Gold Shares(GLD)$ $iShares Russell 2000 ETF(IWM)$ $ARK Innovation ETF(ARKK)$ 🔥🧠📉 What Happens If Powell Gets Pulled? The Market’s Fragile Illusion 📉🧠🔥 What would markets do if the Fed Chair were suddenly removed? Forget earnings for a moment, this week’s macro chaos is rewriting the market’s script in real time. Donald Trump just detonated a political grenade in markets, publicly ranting against Jerome Powell while seemingly forgetting he appointed him. Then, in an even more surreal twist, Rep. Anna Paulina Luna declared on record: “Firing is imminent.” Wall Street blinked, CNBC anchors scrambled, and JPMorgan CEO Jamie Dimon issued a quiet warning: “The inde","images":[{"img":"https://community-static.tradeup.com/news/14c2d7d72aab061fbe23c9dea35254bc","width":"1472","height":"1132"},{"img":"https://community-static.tradeup.com/news/7afe04e80c2e6492a4f4ed3915ea3d05","width":"1635","height":"905"},{"img":"https://community-static.tradeup.com/news/40592388263d90402ecf0a4687eb894e","width":"1472","height":"1472"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":8,"commentSize":5,"repostSize":15,"link":"https://ttm.financial/post/457508712862360","isVote":1,"tweetType":1,"viewCount":1502,"authorTweetTopStatus":1,"verified":2,"comments":[{"author":{"id":"4177356503735472","authorId":"4177356503735472","name":"Tui Jude","avatar":"https://community-static.tradeup.com/news/c07f673d37a33a824f84d9bc27efb2f7","crmLevel":11,"crmLevelSwitch":0,"idStr":"4177356503735472","authorIdStr":"4177356503735472"},"content":"⚖️This feels like 2018 but on steroids. The market’s brushing off the Fed succession risk, but you’re right to bring up Hassett and Bessent. $ARKK getting caught in the crossfire isn’t just technical, it’s structural rotation away from story stocks.","text":"⚖️This feels like 2018 but on steroids. The market’s brushing off the Fed succession risk, but you’re right to bring up Hassett and Bessent. $ARKK getting caught in the crossfire isn’t just technical, it’s structural rotation away from story stocks.","html":"⚖️This feels like 2018 but on steroids. The market’s brushing off the Fed succession risk, but you’re right to bring up Hassett and Bessent. $ARKK getting caught in the crossfire isn’t just technical, it’s structural rotation away from story stocks."},{"author":{"id":"4172293714339752","authorId":"4172293714339752","name":"Kiwi Tigress","avatar":"https://community-static.tradeup.com/news/44439795b309a195e7cd7613ce58f08f","crmLevel":11,"crmLevelSwitch":0,"idStr":"4172293714339752","authorIdStr":"4172293714339752"},"content":"🪩😵‍💫This post just made me rethink the whole vibe on $ARKK. Kinda wild how fast trust breaks when politics starts touching the Fed.","text":"🪩😵‍💫This post just made me rethink the whole vibe on $ARKK. Kinda wild how fast trust breaks when politics starts touching the Fed.","html":"🪩😵‍💫This post just made me rethink the whole vibe on $ARKK. Kinda wild how fast trust breaks when politics starts touching the Fed."}],"imageCount":3,"langContent":"EN","totalScore":0}]}