Trump Studying Potential Firing of Fed Chair Powell Amid Tensions Over Rate Policy: Adviser

The Fed chair says ‘we will do what we do strictly without consideration of political or any other extraneous factors.’

Federal Reserve Chairman Jerome Powell delivers remarks at a news conference at the Federal Reserve in Washington on March 19, 2025. Kevin Dietsch/Getty Images

White House economic adviser Kevin Hassett said Friday that President Donald Trump and his team are reviewing whether to fire Federal Reserve Chair Jerome Powell, amid renewed tensions between the president and the central bank over interest rate policy.

“The president and his team will continue to study that matter,” Hassett told reporters at the White House in response to a question about Powell’s future.