Trump says 'highly unlikely' to fire Fed chair Jerome Powell amid renovations
Trump repeated his criticism of Powell for not lowering interest rates, but said he would focus on picking a replacement in a few months. Powell's term ends in May 2026.
Asked if he ruled out firing Powell, Trump said: "I don't rule out anything but I think it's highly unlikely unless he has to leave for fraud."
His statement came after a course revealed that the president was open to the idea of firing Federal Reserve Chair Jerome Powell. Trump polled some Republican lawmakers on firing Powell and received a positive response, the source had said.
Meanwhile, republicans on the House Financial Services Committee are expected to meet with Federal Reserve Chairman Jerome Powell on Wednesday, a Semafor reporter said. The meeting will take place at 6pm (2200GMT), the reporter said on X.
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