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Associated PressApr 15, 2026Wire Service

Trump threatens to fire Powell if the Fed Chair remains with central bank after his term ends

Senator Tillis vowed to block the president's nominee for Fed chair until the investigation into Powell is dropped.

Trump threatens to fire Powell if the Fed Chair remains with central bank after his term ends
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tl;dr

President Trump threatened to fire Federal Reserve Chair Jerome Powell if he remains on the bank's board after his term expires. The threat escalates a conflict involving a DOJ investigation into Fed construction costs and a Senate standoff over Powell's successor.

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Thom TillisR-North Carolina
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