The possibility of Donald Trump shortly dismiss the head of the federal bank of USA (Fed) Jerome Powell, today (16.07.2025) supports the Bloomberg news agency.
US President Donald Trump asked Republican MPs if he should fired Jerome Powell, and many people in the room said he had implied that he would do so, the CBS News television broadcast, citing many sources.
For his part, the Bloomberg agency cited a White House official who allegedly said “Trump is likely to dismiss Powell soonยป.
The US President’s meeting with members of the House of Representatives took place at the Oval Office on Tuesday night (15.07.2025).
Trump has strongly criticized Fed’s monetary policy in recent months, angry by Powell’s refusal to reduce interest rates.
Fed executives resist interest rates until there is more clarity as to whether duties on US trade partners can trigger inflation.
Trump has called on Powell to resign but has no power to dismiss him because of their monetary policy.
Powell was appointed to this post by Trump in 2017. Four years later, democratic President Joe Biden decided to renew his term, ending on May 15, 2026.