Trump Threatens to Fire Fed Chair If He Doesn’t Step Down Next Month

Federal Reserve Chair Jerome Powell’s term as head of the central bank expires on May 15.

Federal Reserve Chair Jerome Powell speaks at a news conference following the Federal Open Market Committee (FOMC) meeting in Washington on March 18, 2026. Madalina Kilroy/The Epoch Times

President Donald Trump has said he would fire Federal Reserve Chairman Jerome Powell if he refuses to leave office when his term ends next month.

Even though the Fed chief’s term expires on May 15, Powell told reporters last month that he would stay on as chair until his successor, former Federal Reserve board member Kevin Warsh, is confirmed.