US Edition
Trump says he's not planning to fire Fed's Powell
UNITED STATES, JUL 17 – Trump criticized Fed Chair Jerome Powell for delaying interest rate cuts and criticized a $2.5 billion Fed headquarters renovation amid ongoing political and economic tensions.
- On July 16, 2025, President Donald Trump referenced making a change within the next eight months, citing the Federal Reserve Chair's term end in May 2026, as he pressured for policy shifts.
- Inflation statistics show, as the Labor Department on Tuesday reported that inflation accelerated 2.7% over the past 12 months, fueling Trump’s criticism.
- Stocks and Treasury yields moved after Bloomberg report said Trump likely to fire Powell soon, which experts warned would undermine the credibility of the U.S. financial system and its safe-haven status.
- On the Senate floor, Thom Tillis defended the Fed’s independence, while John Thune asserted he has no intention of firing Powell.
- In the May 22 ruling, the Supreme Court signaled that Trump wouldn’t be allowed to remove Powell, citing the Fed’s unique structure and independence.
81 Articles
81 Articles
The status of the dollar as the dominant global reserve currency is regarded as an "exorbitant privilege" and has so far been hardly vulnerable. However, because Donald Trump undermines the dollar, Europeans see their chance.
'There's Kool-Aid on the side of your mouth!': Panel erupts over Trump's health
President Donald Trump's memory became a contentious talking point on CNN's "NewsNight with Abby Phillip" on Thursday. Over the last several days, Trump's memory has seemed to lapse at some important times. Trump seemed to forget that he appointed Federal Reserve Chairman Jerome Powell in 2017. Inst...
Donald Trump seems determined to put decades of independence of the U.S. central bank at risk with his increasing pressure to remove Jerome Powell from the Federal Reserve. Trump insists that Powell should have long ago lowered interest rates and that not doing so puts at risk the growth of the world’s first economy. The president has been playing for months with the idea of ceasing Powell before the end of his term as head of the Fed, in May 20…
Peso weakens further as allayed Fed fears power up dollar
MANILA, Philippines – The peso sank deeper into the 57:$1 level on Thursday, as the dollar gained strength after US President Donald Trump had said he won’t fire Federal Reserve chair Jerome Powell at this time. READ: Trump says not firing Fed chair — but not ruling out The clarification allayed market concerns about the
Fed chair Powell in Trump's firing line
What happenedPresident Donald Trump said Wednesday it was "highly unlikely" he would remove Federal Reserve Chairman Jerome Powell from his post. But he suggested Powell might have "to leave for fraud" over the $2.5 billion Fed headquarters renovation project that the president says has been mismanaged.Trump has ramped up pressure on Powell to cut interest rates as his own import tariffs nudge inflation upward. Stocks dropped on the prospect of …
Coverage Details
Bias Distribution
- 43% of the sources lean Left
Factuality
To view factuality data please Upgrade to Premium
