Trump Urges Swift End to Powell’s Tenure as Fed Chair

President Donald Trump has intensified his criticism of Federal Reserve Chair Jerome Powell, insisting that Powell’s removal from office cannot happen soon enough. Speaking at a recent event, Trump expressed frustration with the central bank’s policies, accusing Powell of mismanaging monetary strategy and hindering economic growth. The remarks underscore a long-standing rift between Trump and the Fed, with the president repeatedly questioning the institution’s independence.

Trump’s comments come amid debates over interest rates and inflation control, which he claims have been mishandled under Powell’s leadership. He argued that the Fed’s actions have stifled investment and job creation, calling for a leadership change to align monetary policy with his administration’s goals. Analysts note that Trump’s public pressure on the Fed could unsettle markets, given the central bank’s role in maintaining economic stability.

The call for Powell’s ouster has sparked concerns about the politicization of the Federal Reserve, an institution designed to operate independently of political influence. Investors are closely monitoring the situation, as any move to replace Powell could disrupt financial markets. Trump’s remarks signal a potential showdown over the Fed’s direction, with broader implications for U.S. economic policy in the coming years.

Warsh, 55, was a vice president and executive director at Morgan Stanley in the company’s mergers and acquisitions division before serving as a special assistant to then-President George Bush for economic policy and as executive secretary at the National Economic Council.