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WTOP NewsApr 15, 2026Local News

Trump threatens to fire Powell if the Fed Chair decides to stay on after his term ends next month

Senator Tillis mocked the DOJ's investigation into the Fed and vowed to block the confirmation of Powell's successor until it ends.

Trump threatens to fire Powell if the Fed Chair decides to stay on after his term ends next month
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tl;dr

President Trump threatened to fire Federal Reserve Chair Jerome Powell if he remains on the Fed board after his term ends in May, while a DOJ investigation into Fed construction costs faces accusations of being a political pretext.

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Thom TillisR-North Carolina
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