Trump’s Pressure on Powell: Can He Remove the Fed Chair?

US President Donald Trump has intensified pressure on Federal Reserve Chair Jerome Powell to lower interest rates, even threatening to dismiss him from his position at the central bank. This follows a pattern of escalating criticism by Trump regarding Powell’s handling of monetary policy decisions, who sees the Fed as being too slow to ease financial conditions and advocates for adopting the European Central Bank’s approach. 15 months into the current Federal Reserve leadership, Trump has shown a strong desire to influence the direction of monetary policy. 2025 saw this pressure intensify, with Trump repeatedly urging Powell to lower interest rates, though the Fed has consistently declined to adjust its policies in response. While Trump’s actions have led to concerns about undermining the Fed’s independence, many financial experts and legal analysts believe that removing a Fed chair without justifiable cause could create significant economic instability. 2025 saw a series of public statements from President Trump, where he expressed his displeasure with Powell’s leadership by accusing him of being