Trump says he has 'no intention' of firing Fed Chair Powell

[BumRushDaShow]

Source: CNBC

Published Tue, Apr 22 2025 5:32 PM EDT Updated 55 Min Ago


President Donald Trump on Tuesday said he has "no intention" of firing Federal Reserve Chair Jerome Powell before his term leading the U.S. central bank ends next year. "None whatsoever," Trump said in the Oval Office when asked to clarify that he did not seek Powell's removal. "Never did."

The comment represents a dramatic shift for Trump, who has recently ramped up his rhetoric against Powell and declined to rule out the possibility of taking the unprecedented step of firing him. U.S. stock futures rose sharply across major indexes following Trump’s latest remarks.

Trump, who has heaped pressure on the Fed chair to cut interest rates in hopes of goosing economic growth, said last week of Powell, "If I want him out of there, he'll be out real fast."

White House economic adviser Kevin Hassett said Friday that Trump and his aides were actively studying the possibility of firing Powell. Powell, whom Trump appointed during his first term as president, is set to serve as Fed chair until May 2026. He has flatly stated that the president cannot remove him under the law.

Read more: https://www.cnbc.com/2025/04/22/trump-says-he-has-no-intention-of-firing-fed-chair-powell.html

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Until he does.

Article updated.

Previous article -

Published Tue, Apr 22 2025 5:32 PM EDT Updated 9 Min Ago


President Donald Trump on Tuesday said he has "no intention" of firing Federal Reserve Chair Jerome Powell before his term leading the U.S. central bank ends next year. "None whatsoever," Trump said in the Oval Office when asked to clarify that he did not seek Powell's removal. "Never did."

The comment represents a dramatic shift for Trump, who has recently ramped up his rhetoric against Powell and declined to rule out the possibility of taking the unprecedented step of firing him.

Trump, who has heaped pressure on the Fed chair to cut interest rates in hopes of goosing economic growth, said last week of Powell, "If I want him out of there, he'll be out real fast."

White House economic adviser Kevin Hassett said Friday that Trump and his aides were actively studying the possibility of firing Powell. Powell, whom Trump appointed during his first term as president, is set to serve as Fed chair until May 2026. He has flatly stated that the president cannot remove him under the law.

Original article -

Published Tue, Apr 22 2025 5:32 PM EDT Updated 7 Min Ago


President Donald Trump on Tuesday said he has "no intention" of firing Federal Reserve Chair Jerome Powell before his term leading the U.S. central bank expires next year.

"None whatsoever," Trump said in the Oval Office when asked to clarify that he did not seek Powell's removal. "Never did."

The comment represents a dramatic shift for Trump, who has recently ramped up his rhetoric against Powell and declined to rule out the possibility of taking the unprecedented step of firing him.


This is breaking news. Please refresh for updates.

[RandySF]

1. Because he can't.

[BumRushDaShow]

10. He canned a pile of "un-cannable" Board members and independent Inspector Generals

Some are still litigating, others were reinstated, still others were told to go pound sand.

[GreenWave]

12. Exactly. There are 12 board members too.

[mdbl]

16. Dump gaslights that it would have been his decision

as usual.

[Lovie777]

2. I don't shithole can.............

[Deuxcents]

3. Chairman Powell is safe because TSF is a man of his word 🙃

[Blues Heron]

4. his words have no meaning because he lies so much

we can only monitor what this monster does.

[Mike 03]

5. The markets would appreciate it even more if he'd have promised not to

attempt to harass Powell into quitting, or using some below the belt strategy for forcing him out.

But I hope he sticks to his pledge. This will calm a lot of people down.

[RockRaven]

6. Did someone finally remind him that he was the one who nominated Powell?

All his complaining about people sucking, when TCF is more often than not the guy who hired the person he is complaining about.

[ImNotGod]

7. Up to his stock pump and dump tricks again, his clown show must be making billions manipulating

the market, too bad the SEC is just as crooked.

[andym]

8. Powell is one of Trump's better appointments: he helped stabilize the economy

so of course Trump calls him a big loser, because Powell is actually competent, unlike most of Trump's cabinet. At least someone, probably the Treasury Secretary convinced Trump to keep Powell for now.

[Irish_Dem]

9. He can say the opposite tomorrow.

Trump is seriously mentally ill.
And dangerous.

[Botany]

11. How to tell if Krasnov is lying? His lips are moving.

“None whatsoever,” Trump said in the Oval Office when asked to clarify that he did not seek Powell’s removal. “Never did.” 4/22


President Trump took aim at Federal Reserve Chair Jerome Powell on Thursday, writing in a social media post that Powell should be cutting interest rates and adding that his "termination cannot come fast enough." 4/17

[progree]

13. Yesterday's full quote on "Mr. Too Late, a major loser"

https://finance.yahoo.com/news/live/stock-market-today-dow-sp-500-nasdaq-sink-with-trumps-tariffs-powell-bashing-in-focus-133040210.html

"With Energy Costs way down, food prices (including Biden's egg disaster!) substantially lower, and most other "things" trending down, there is virtually No Inflation. With these costs trending so nicely downward, just what I predicted they would do, there can almost be no inflation, but there can be a SLOWING of the economy unless Mr. Too Late, a major loser, lowers interest rates, NOW. Europe has already "lowered" seven times. Powell has always been "To Late", [sic] except when it came to the Election period when he lowered in order to help Sleepy Joe Biden, later Kamala, get elected. How did that work out" -- April 21, 9:41 AM.

(bolding added related to Powell)

Not true, BTW, on the food or egg prices
https://www.democraticunderground.com/?com=view_post&forum=1002&pid=20261291

Last week: "If I want him out, he’ll be out of there real fast, believe me."

[Martin68]

14. Clearly someone explained to the Orange Dump that the consequences of firing Powell would be the end of his term

in office.

[Javaman]

15. Until he does

Then we are completely fucked

[Hekate]

17. Right up until Powell gets escorted from the building

[Canada Kid]

18. Behind the scenes...what is really happening

Trump has been told by various financial advisers and high ranking economic professionals to back off and back down, all quietly behind closed doors. The tremendous difficulty he has put the world's economy in has led to those people finally speaking up and warning him that this has to stop, and stop now. Musk announcing, he is crawling back to Tesla, Trump toning down the tariff talk on China, backing off threats to Powell, all is because he has been warned by his own insiders. Watch for little BS stories in the next while explaining his "victories" are now allowing him to back off on tariffs to certain counties. Small off-ramps to save face.

[BumRushDaShow]

19. I think it was "quiet/behind the scenes" early on, cajoling him to cool it some

But it has now burst out into the public, where you have oligarchs loudly demanding that he quit it.

[republianmushroom]

20. Flip, flop, tomorrow maybe different.

We will see how the wind is blowing.