In an interview with Fox Business, Trump says he will fire Powell if he does not leave his board seat once his term ends.<\/em><\/p>\n<\/div>\n Published On 15 Apr 2026<\/span>15 Apr 2026<\/span><\/p>\n<\/div>\n<\/div>\n United States President Donald Trump says he would fire US Federal Reserve Chair Jerome Powell from his separate seat on the central bank\u2019s board of governors if Powell does not step down voluntarily when his term ends on May 15.<\/p>\n The president on Wednesday ramped up threats against Powell, saying in an interview with Fox Business that if Powell does not leave, then he would\u00a0 \u201chave to fire him\u201d.<\/p>\n list of 4 items<\/span>end of list<\/span><\/section>\n \u201cIf he\u2019s not leaving on time \u2013 I\u2019ve held back firing him, I\u2019ve wanted to fire him, but I hate to be controversial, you know. I want to be uncontroversial, but he will be fired,\u201d Trump told Fox Business host Maria Bartiromo.<\/p>\n \u201cPresident Trump\u2019s threats of firing Chair Powell are hardly surprising, but are simply not consistent with what the law provides. The president already appears to be losing in court in his attempt to fire [Fed] Governor Lisa Cook, and he will likely lose again if he tries to fire Chair Powell,\u201d Skanda Amarnath, executive director of Employ America, an economic policy think tank, told Al Jazeera.<\/p>\n Trump\u2019s comments come amidst delays in the confirmation of Kevin Warsh, Trump\u2019s pick to succeed Powell as the Fed chair. Warsh\u2019s confirmation hearing in front of the Senate Banking Committee is slated for next Tuesday.<\/p>\n But whether he will be confirmed remains unclear. Last month, North Carolina Senator Thom Tillis said that he would block Warsh\u2019s confirmation until the federal criminal probe into Powell has ended. If a nominee fails to be confirmed, Powell would stay on as the chair until one is confirmed.<\/p>\n In the Fox Business interview, Trump gave no indication that US Attorney for the District of Columbia Jeanine Pirro would back down from investigating a Fed building renovation project the administration has criticised for cost overruns.<\/p>\n Trump has long pushed back against the Fed\u2019s cautiousness about cutting interest rates, and he has pushed for more control over the central bank\u2019s board and having more members who align with his views.<\/p>\n In December, Trump said that he would not appoint someone to lead the central bank who did not agree with him.<\/p>\n Powell has pushed back on the investigation into him, calling it a pretext to undermine the central bank\u2019s independence when assessing monetary policy.<\/p>\n In March, a federal prosecutor admitted that the investigation into the renovations had turned up no evidence of a crime.<\/p>\n With greater control of seats on the seven-member board, Warsh would have a freer hand in setting monetary policy and making other changes at the central bank that the administration might seek.<\/p>\n Trump has appointed only three of the current members, and one of them, Fed Governor Stephen Miran, is in a seat whose term has already expired and, as it stands, would have to be vacated for Warsh to join.<\/p>\n The White House did not respond to Al Jazeera\u2019s request for additional comment.<\/p>\n<\/div>\n In an interview with Fox Business, Trump says he will fire Powell if he does not leave his board seat once his term ends. Published On 15 Apr 202615 Apr 2026 United States President Donald Trump says he would fire US Federal Reserve Chair Jerome Powell from his separate seat on the central bank\u2019s board […]<\/p>\n","protected":false},"author":1,"featured_media":19057,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-19056","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-us-canada-news"],"_links":{"self":[{"href":"https:\/\/inernews.online\/index.php?rest_route=\/wp\/v2\/posts\/19056","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/inernews.online\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/inernews.online\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/inernews.online\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/inernews.online\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=19056"}],"version-history":[{"count":0,"href":"https:\/\/inernews.online\/index.php?rest_route=\/wp\/v2\/posts\/19056\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/inernews.online\/index.php?rest_route=\/wp\/v2\/media\/19057"}],"wp:attachment":[{"href":"https:\/\/inernews.online\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=19056"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/inernews.online\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=19056"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/inernews.online\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=19056"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}![](\"https:\/\/www.aljazeera.com\/wp-content\/uploads\/2024\/05\/2017-06-08T131939Z_1189275883_RC11B0FE7F20_RTRMADP_3_GULF-QATAR-JAZEERA-1714943623.jpg?resize=96%2C96&quality=80)
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