Trump Claims “No Intention” Of Firing Jerome Powell

USA Today reports:

President Donald Trump repeated his desire for lower interest rates but told reporters he wouldn’t fire Jerome Powell, the chairman of the Federal Reserve.

“I have no intention of firing him,” Trump said April 22 in the Oval Office, after a swearing-in ceremony for Paul Atkins as chairman of the Securities and Exchange Commision. “I would like to see him being a little more active in terms of his idea to lower interest rates. This is a perfect time to lower interest rates.”

Trump has been critical of Powell’s reluctance to lower interest rates. Trump’s comment April 21 that Powell was “a major loser” sent markets tumbling.

Read the full article. Not that he could do it legally in the first place. Note below how he dodged that pesky fact.

In the Oval Office just now, I asked President Trump if he believes he has the authority to fire Federal Reserve Chairman Jay Powell. He said: “I don’t want to talk about that because I have no intention of firing him.” pic.twitter.com/tsiUrOjzHk

— Eamon Javers (@EamonJavers) April 22, 2025

President Trump has no plans to fire Fed Chair Jerome Powell. He hopes Powell will be more active in reducing interest rates, seeing this as a good moment to do so. Despite speculation, there’s no intention to remove him from his position. pic.twitter.com/9pOPF4axaZ

— Luca Taner (@LucaTaner) April 22, 2025