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Financial WorldApr 16, 2026

Trump and Powell clash as Warsh nomination stalls at the Fed

Jerome Powell stated he has no intention of leaving the Fed until a DOJ investigation into his testimony is completed.

Part of a bigger event
Trump Issues May 15 Resignation Ultimatum to Fed Chair Jerome Powell
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Trump and Powell clash as Warsh nomination stalls at the Fed
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tl;dr

President Trump is threatening to fire Fed Chair Jerome Powell as the nomination of Kevin Warsh stalls in the Senate. The clash centers on a DOJ probe and institutional independence ahead of Powell's term expiring in May.

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