Trump says he discussed firing Fed chair but 'highly unlikely' he will

Published: 7/16/2025
Trump says he discussed firing Fed chair but 'highly unlikely' he will
President Donald Trump has stated that it's "highly unlikely" he will fire Federal Reserve head Jerome Powell, despite discussing the idea with lawmakers. Trump has criticized Powell for not lowering US interest rates but has fluctuated on the decision to dismiss him. The Federal Reserve is an independent body, established by Congress, with Powell's term set to end in 2022.