Bridger PenningtonFund Launch & Investment Expert

Can Trump Fire Jerome Powell? 🤔

17 Apr 2025 · 1 min

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Trump demanded Jerome Powell's removal as Federal Reserve Chair, but the law limits his power to fire him. The Supreme Court is weighing related questions about presidential authority, while markets price in an 86% chance the Fed won't change rates at its next meeting.

Donald Trump wants to terminate Jerome Powell in a new attack. Trump tweeted, the European Central Bank has cut rates today and we're always too late and wrong. We've had groceries down, oil down, eggs down. And look, check this at the end. Powell's termination cannot come fast enough. Last week, Trump actually asked, can I terminate Jerome Powell? The Supreme Court is looking to actually rule on this right now. Current derivative markets have priced in 86% chance of no change, meaning there's going to be no rate cut the next meeting. So we will see. Can Trump fire Jerome Powell?