Trump Escalates Feud, Says He Could Fire Powell Amid Fed Probe Fight
Trump escalated his fight with Federal Reserve Chair Jerome Powell, saying he could fire him over what he called “incompetence,” but the legal reality is far less clear.
In a Fox Business interview, Trump said he has “wanted to fire him” while tying his criticism to a federal probe into costly Fed renovations, according to Fox Business.
The conflict is colliding with a bigger issue: Powell’s term ends May 15, yet he plans to stay on the board, while Trump pushes to replace him with Kevin Warsh, Reuters and other outlets report.
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But the situation is complicated by a lack of charges and a judge previously rejecting evidence tied to the probe, raising questions about whether “incompetence” qualifies as cause.
According to multiple reports, the standoff is now delaying Fed leadership decisions and drawing scrutiny over political pressure on the central bank.
What happens next could hinge on courts and whether Trump actually tries to act on the threat.
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