Instant Reaction: Trump Reportedly Considers Firing Fed Chair Powell
July 16, 2025
7 min
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3,145 of 3,435
July 16, 2025
Instant Reaction: Trump Reportedly Considers Firing Fed Chair Powell
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7:26This episodeInstant Reaction: Trump Reportedly Considers Firing Fed Chair Powell
Summary
<p>President Donald Trump is likely to fire Federal Reserve Chair Jerome Powell soon, a White House official said, and discussed the possible move in a meeting with congressional Republicans on Tuesday night. <br /><br />While the lawmakers voiced support for the move, which would likely roil financial markets and lead to a consequential legal showdown, Trump has not made a final decision and could change his mind, according to the official who requested anonymity to discuss a private conversation. <br /><br />In response to multiple similar reports, President Trump says his administration is “very concerned”, but “not planning on doing anything” about Fed Chair Jerome Powell. <br /><br />Paul Sweeney and Lisa Mateo speak with Bloomberg's Chris Condon about the potential fallout.</p><p>See <a href="https://omnystudio.com/listener">omnystudio.com/listener</a> for privacy information.</p>
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