❓WHAT HAPPENED: President Donald J. Trump reportedly asked House Republicans whether Federal Reserve Chairman Jerome Powell should be fired, with many in the room expressing support.
👤WHO WAS INVOLVED: President Trump, Federal Reserve Chair Jerome Powell, and House Republicans, including Rep. Anna Paulina Luna (R-FL).
📍WHEN & WHERE: The discussion occurred Tuesday night in the Oval Office during a meeting with House Republicans.
💬KEY QUOTE: “I think he’s terrible. You talk to the guy, it’s like talking to a… nothing. It’s like talking to a chair.” – Donald Trump
🎯IMPACT: A firing would likely trigger legal challenges.
President Donald J. Trump gauged support for a potential move to fire Federal Reserve Chairman Jerome Powell while meeting with a group of congressional Republicans at the White House on Tuesday night. Republican lawmakers, for the most part, are believed to have expressed support for possibly removing Powell, though the specific means of how it would be accomplished remain unclear. “I think he’s terrible. You talk to the guy, it’s like talking to a… nothing. It’s like talking to a chair,” Trump is reported to have said.
Representative Anna Paulina Luna (R-FL) posted on X (formerly Twitter) that she had heard Powell’s firing was imminent. “Hearing Jerome Powell is getting fired! From a very serious source,” she wrote, later adding, “I’m 99% sure firing is imminent.” However, President Trump later said he is “not planning on doing anything” with respect to Powell, despite being “very concerned” about him. Notably, a firing would likely result in legal challenges and could have significant effects on financial markets, which may have dissuaded Trump from removing Powell.
The legal basis for firing a Federal Reserve chairman remains untested, as The Federal Reserve Act stipulates such actions can only be taken “for cause.” The Supreme Court has signaled that it believes that the President “may remove without cause executive officers who exercise [executive power] on his behalf, subject to narrow exceptions,” which could possibly allow for the Federal Reserve chairman’s removal despite congressional restrictions—but the central bank chief could well be deemed a special case, making this a risky approach to ousting him.
Another potential option could be to demote Powell, leaving him in place as a member of the central bank’s Board of Governors while elevating another Fed governor, such as Christopher Waller or Michelle Bowman.
A third path, with groundwork already being laid, would be to build a case for malfesence or ethical breaches on Powell’s part, allowing for his removal “for cause.” The National Pulse reported last week that President Trump named three key figures in his White House to the National Capital Planning Commission, who subsequently announced an investigation into the lavish, over-budget renovations Powell has authorized for the Federal Reserve’s Washington, D.C. headquarters. Should the National Capital Planning Commission uncover malfeasance, this could be used as justification for Powell to be fired.
Trump has repeatedly expressed dissatisfaction with Powell, accusing him of failing to act quickly enough to cut interest rates. However, while President Trump confirmed that he discussed firing Powell with lawmakers while speaking with the press at the White House on Wednesday, he cautioned that he was “more conservative” on the matter than congressional Republicans.
NOW – Trump says he is “not planning” to fire Fed Chair Powell. pic.twitter.com/LOTCk8Dija
— Disclose.tv (@disclosetv) July 16, 2025
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