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Originally published by Capital Business
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business
April 15, 2026
13h ago

Trump threatens to fire Fed chair Powell if he doesn’t leave in May

Trump threatens to fire Fed chair Powell if he doesn’t leave in May

Powell's term expires on 15 May, but he is planning to remain in post until his successor, Kevin Warsh, is confirmed by the Senate. Kenya breaking news | Kenya news today |..

✨ Key Highlights

US President Donald Trump has reportedly threatened to fire Federal Reserve Chair Jerome Powell if he does not step aside at the end of his term on May 15.

  • Trump is reportedly unhappy with Powell over the Federal Reserve's interest rate policy and a renovation project costing "billions of dollars."
  • Key figures involved include President Donald Trump, Federal Reserve Chair Jerome Powell, and Senator Thom Tillis.
  • The article highlights that if Trump were to fire Powell, it would break precedent and be the first time a Federal Reserve chair has been dismissed.

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