Trump Delivers Bad News To Powell

White House Reviewing Options to Replace Fed Chair Jerome Powell Amid Rising Concerns Over Interest Rates, Inflation, and Economic Policy Missteps

The Trump administration is putting pressure on the Federal Reserve, signaling that major changes could be ahead for America’s central bank leadership.

Kevin Hassett, who previously led President Trump’s Council of Economic Advisers and now serves as a key economic adviser, stated Friday that the White House is examining legal avenues to potentially remove Federal Reserve Chair Jerome Powell.

Hassett noted during a press briefing that the president and his advisers are continuing to explore whether replacing Powell is legally possible.

Why Powell’s Future Is in Question

President Trump has long voiced concerns about Jerome Powell’s leadership at the Federal Reserve. This week, those concerns reached a new level after Powell once again refused to lower interest rates—despite growing fears of economic stagnation and rising inflation.

The president took to social media Thursday morning to blast Powell’s decision, saying he “couldn’t wait” for Powell’s termination. The move comes after Powell suggested that Trump’s pro-America tariffs could lead to slower growth—a claim economic advisers dispute.

Inflation, Interest Rates, and the Retirement Threat

With inflation eating away at the value of the dollar and interest rates affecting everything from mortgages to retirement accounts, many older Americans are paying close attention.

Fixed-income seniors and retirees—many of whom depend on savings and stable markets—have been among the hardest hit by Powell’s economic policies.

Trump’s team believes Powell’s refusal to adjust interest rates is hurting American households, particularly those trying to preserve their retirement nest eggs.

Is the Fed Playing Politics?

Under Powell’s leadership, the Fed raised rates multiple times—some say prematurely—right after President Trump took office. This pattern raised eyebrows across conservative circles.

Hassett noted that, unlike during Trump’s term, Powell has been notably silent about government overspending under President Biden.

“There’s been a clear inconsistency in how Powell has responded to Trump’s policies versus Biden’s,” Hassett said.

Can the President Fire the Fed Chair?

A nearly century-old legal precedent makes firing the Federal Reserve chair difficult unless misconduct is proven. However, the White House legal team is exploring all options.

Trump’s allies argue that, given the Fed’s impact on inflation, housing, and the stock market, strong executive oversight is more important than ever.

Looking Ahead: The Fight for Economic Stability

As the economy remains top-of-mind for millions of Americans—especially seniors worried about inflation and their savings—the Trump administration is focused on restoring market confidence and ensuring policies work for everyday citizens, not just Washington elites.

Should the Federal Reserve be held accountable for its policies? And is it time for new leadership at the central bank?

Stay tuned as the White House continues its push for accountability—and as Americans demand answers about who is really managing their financial future.