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Trump will likely fire Fed Chair Powell ‘soon,’ Bloomberg reports

UNITED STATES, JUL 16 – Trump claims the Federal Reserve's $2.5 billion renovation overruns, $600 million above budget, could justify firing Chair Jerome Powell amid broader economic policy disputes.

  • President Trump reportedly plans to fire Federal Reserve Chair Jerome Powell 'soon.'
  • Trump has launched a multi-pronged attack on Powell, pushing the central bank to lower interest rates.
  • Firing Powell could undermine the Fed's independence and lead to higher inflation, interest rates, and a weaker economy, according to the report.
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Center

Donald Trump ready to fire the head of the Fed, Jerome Powell. The American agency Bloomberg cites a White House official, according to whom the president...

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  • 52% of the sources are Center
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The Telegraph broke the news in London, United Kingdom on Wednesday, July 16, 2025.
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