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BenzingaApr 15, 2026Trade Press

Trump Says He'll 'Fire' Jerome Powell, But Prediction Markets Say It Won't Help With Rate Cuts

President Trump threatened to fire Federal Reserve Chair Jerome Powell if he does not voluntarily leave office when his term expires.

Trump Says He'll 'Fire' Jerome Powell, But Prediction Markets Say It Won't Help With Rate Cuts
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tl;dr

Donald Trump has threatened to fire Federal Reserve Chair Jerome Powell if he does not step down when his term expires, as Senator Thom Tillis blocks the confirmation of successor Kevin Warsh over a DOJ probe into the Fed.

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