Your current location is:{Current column} >>Text
Trump may consider replacing Powell.
{Current column}511People have watched
IntroductionAccording to foreign media reports on Thursday, former U.S. President Trump recently met with former ...

According to foreign media reports on Thursday, former U.S. President Trump recently met with former Federal Reserve Governor Kevin Warsh at Mar-a-Lago, Florida, to discuss the possibility of prematurely replacing current Fed Chair Jerome Powell. Although Warsh advised Trump not to fire Powell or interfere with his term, Trump’s dissatisfaction with Powell seems to be growing.
It is noted that this meeting occurred no later than February this year. In early March, Trump also discussed the same topic with other relevant individuals, indicating that his interest in changing the Federal Reserve leadership is not a spur-of-the-moment decision. Powell’s four-year term is set to last until May 2026, and no official replacement phase has begun yet.
On Thursday morning, Trump posted strongly worded messages on his social platform Truth Social, stating that "the sooner Powell is fired, the better." Later that afternoon, he further expressed his dissatisfaction in the Oval Office to reporters, emphasizing that he has clearly communicated his stance to Powell and hinted he could have him "leave quickly" if necessary. However, when pressed about whether he truly intends to replace Powell, Trump did not provide a direct answer.
According to current legal regulations, the President does not have the authority to directly remove the Federal Reserve Chair, a point Powell himself has publicly stated multiple times. This stance is supported by some members of Congress, who point out that any attempt to undermine the Fed’s independence could have significant repercussions on the U.S. financial system.
The Fed Chair is responsible for developing key monetary policy and ensuring economic stability, and the independent operation of the institution is viewed as a core mechanism to prevent runaway inflation and maintain market confidence. Trump's actions have once again stirred concerns about administrative interference in the Fed’s decision-making process, raising fears that political forces influencing central bank decisions could undermine global investor confidence in the U.S. markets.
Currently, Powell continues to perform his duties normally, with no official indications of being prematurely replaced. However, as the U.S. presidential election approaches, the political struggle over the leadership of the Federal Reserve is likely to continue fermenting.

The market carries risks, and investment should be cautious. This article does not constitute personal investment advice and has not taken into account individual users' specific investment goals, financial situations, or needs. Users should consider whether any opinions, viewpoints, or conclusions in this article are suitable for their particular circumstances. Investing based on this is at one's own responsibility.
Tags:
Related articles
Amazon, Snap, Pinterest fall premarket; Intel, Exxon rise By
{Current column}-- Stocks in focus in premarket trade on Friday, April 28th. Please refresh for updates.Amazon(NASDA ...
Read moreFed meeting, Nvidia correction, DAX weakness
{Current column}-- Wall Street is seen trading slightly lower Tuesday ahead of the start of the last Federal Reserve ...
Read moreGold prices edge higher after dismal week as soft US inflation offers relief By
{Current column}– Gold prices edged higher in Asian trade on Monday after suffering heavy losses last week as a slig ...
Read more
Popular Articles
- Stock market today: Dow closes slightly lower as energy, Intel slump weigh By
- US stock futures mostly lower; Fed meeting, retail sales in focus By
- More Tesla jobs to leave California after Musk vs. Newsom battle, Wedbush says By
- Asia stocks mixed ahead of major interest rate decisions, China's weak data drags By
- Dollar struggles on weak data; Kiwi surges on RBNZ surprise By Reuters
- 5 big analyst AI moves: Nvida’s next stop is $160
Latest articles
-
Banking Crisis Is How It Starts, Recession Is How It Ends
-
Japan stocks eye positive 2025; local catalysts to offset tariffs blow, BofA says By
-
How we got to a global obesity epidemic and how GLP
-
How will Amazon fund Kuiper? Barclays weighs in By
-
Biden says not yet ready to invoke 14th Amendment to avoid debt default By Reuters
-
BofA clients post the largest weekly inflow since mid