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Snapshot 5:Wed, Apr 15, 2026 8:10:35 PM GMT last edited by MattKalman

Trump Threatens to Fire Fed's Powell

Trump Threatens to Fire Fed's Powell

Trump Threatens to Fire Fed's Powell
Above: Fed Chair Jerome Powell on March 30, 2026. Image credit: Mel Musto/Bloomberg/Getty Images

The Spin


Jerome Powell has been a disaster as Fed Chair, dismissing a $39 trillion national debt as no big deal while American families suffer the consequences. No Fed Chair in over 70 years has clung to the Board after a term ends, yet Powell is signaling he'll stick around anyway. Powell needs to go — the Fed's credibility and the country's financial future depend on it.

Threatening to fire Powell is a losing move legally, politically and economically. The SCOTUSSupreme Court has already made clear the president lacks that authority. AnThis independent Fed is the bedrock of American prosperity, and bullying a Fed Chair over interest rates torches the rule of law. Senate Republicans don't have the votes to confirm a replacement, making this nothing more than aTrump's latest political tantrum.


Metaculus Prediction

There's a 2.5% chance that Powell will cease to be Chair of the Federal Reserve Board of Governors before his term is up, according to the Metaculus prediction community.


Go Deeper

© 2026 Improve the News Foundation. All rights reserved.Version 7.4.1

© 2026 Improve the News Foundation.

All rights reserved.

Version 7.4.1