Trump Unable To Fire Powell?

WASHINGTON, D.C. — President Donald Trump may soon have the chance to replace embattled Federal Reserve Chairman Jerome Powell — and top Republicans say it’s long overdue.

House Speaker Mike Johnson, R-La., weighed in Wednesday, saying he’s “really not sure” whether the president has the authority to fire Powell, but made it clear he supports new leadership at the Fed.

“I’ve been unhappy with the direction of the Fed for a while now,” Johnson told CBS News. “I think new leadership would be helpful, and I believe interest rates need to be adjusted.”

🔥 Trump Responds to Firing Rumors

President Trump swiftly denied media reports claiming he plans to fire Powell immediately, despite growing frustration over the Fed’s refusal to cut interest rates. Bloomberg had earlier reported that the president was preparing to act.

“We’re not planning on doing anything,” Trump told reporters in the Oval Office. “But fortunately, we get to make a change in the next eight months.”

Trump also dismissed claims that he had submitted a formal letter calling for Powell’s termination. However, he acknowledged that he had spoken to Republican lawmakers about the possibility — and said they agreed Powell should go.

🇺🇸 Fed Under Fire for Stifling the U.S. Economy

Conservatives have grown increasingly fed up with the Federal Reserve’s stubborn stance on interest rates — especially as hardworking Americans face higher mortgage payments, credit card debt, and rising inflation.

President Trump has repeatedly called for lower rates to boost economic growth, support small businesses, and bring relief to retirees and middle-class families. But Powell and his allies at the Fed have resisted, citing concerns over tariffs and global markets.

“The Fed is not serving the American people,” one senior GOP aide said. “Trump’s right to push for a change — and millions of Americans are behind him.”

⏳ Powell’s Clock Is Ticking

While legal questions remain over whether the president can fire a sitting Fed chair, there’s no question that Powell’s time is running out. His term is set to expire within months — and Trump is making it clear that real economic leadership is on the way.

With the economy emerging as a top issue for voters in 2025, President Trump’s bold stance on the Federal Reserve could prove pivotal. Many Americans are demanding change — and Trump is ready to deliver.