Trump Says He'll Fire Jerome Powell If He Doesn't Leave—As DOJ Probe Continues

President Trump said he would "have to fire" Fed Chair Jerome Powell if Powell does not leave his post, intensifying political pressure on the central bank. The article notes Trump has already "held back" from removing Powell, but also that firing him would likely require showing cause. The issue is primarily about Fed independence and could raise volatility across rates and broader markets.

Analysis

President Trump said he would "have to fire" Fed Chair Jerome Powell if Powell does not leave his post, intensifying political pressure on the central bank. The article notes Trump has already "held back" from removing Powell, but also that firing him would likely require showing cause. The issue is primarily about Fed independence and could raise volatility across rates and broader markets.