Will Trump Fire Fed Chair Jerome Powell? Here’s the Scoop:

Despite past clashes, President-elect Trump is expected to let Federal Reserve Chair Jerome Powell finish his term, which runs through May 2026, as per an insider from Trump’s transition team.

Though Trump has previously criticized Powell—especially on interest rates and Fed transparency—his current stance leans toward stability, allowing Powell to continue in the role, particularly as the Fed maintains its trend of lowering rates.

Trump first appointed Powell in 2018, and he was reappointed by Biden. The tension between them dates back to 2018, when Trump criticized rate hikes and hinted at replacing him. Though Trump can’t legally remove Powell without cause, he has raised ideas like live-streaming Fed meetings and faster minutes releases for greater transparency.

Trump’s economic team has considered future options for Fed leadership, such as Kevin Warsh and former advisor Kevin Hassett, though it’s clear Powell will likely stay the course—for now.

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