Here's Why
Here's Why
Bloomberg
Here’s Why It’s Not Easy to Fire Jerome Powell
9 minutes Posted Jul 16, 2025 at 4:44 pm.
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US President Donald Trump is stepping up pressure on Federal Reserve Chair Jerome Powell, with a White House official saying he discussed firing the central bank chief in a meeting with congressional Republicans on Tuesday night. Speaking on Wednesday, Trump said he’s “not planning” to remove the Fed chief, but he has repeatedly criticised Powell’s actions on interest rates. Removing a Fed governor is legally difficult and would be likely to roil markets. Our Federal Reserve reporter Amara Omeokwe joins host Stephen Carroll to discuss.

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