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Trump again floats firing Fed Chair Jerome Powell before his term expires

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December 29, 2025

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At a news conference on Monday, President Trump again stated his desire to fire Federal Reserve Chair Jerome Powell, whose term expires in May. While some contenders to replace him have been floated, the president has made clear he wants whoever the next head of the central bank is to continue cutting interest rates. Business reporter Erin Delmore joins with analysis.

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Trump again floats firing Fed Chair Jerome Powell before his term expires · CBS News · Sentinel