Trump had privately discussed firing Powell and letting former Fed Governor Walsh take over

GateUser-6433627c · 2025-04-17T23:53:35+00:00

Trump is privately discussing firing Fed Chair Jerome Powell and appointing Walsh to replace him, but no final decision has been made. Walsh suggested that Powell's term be left to end, and the Treasury Secretary also opposed the firing plan.

GateUser-6433627c

2025-04-17 23:53:35

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According to the Wall Street Journal, President Trump has been privately discussing firing Fed Chair Powell for months, but he has yet to make a final decision on whether to remove him from office before the end of his term next year, according to people familiar with the matter. At the Mar-a-Lago meeting, Trump discussed with former Fed Governor Kevin Warsh the possibility of firing Powell before the end of his term and possibly choosing Walsh to replace him, but Walsh suggested not firing Fed Chair Powell and argued that he should be allowed to end his term without intervention, people familiar with the matter said. U.S. Treasury Secretary Bessant also opposed Trump’s intention to remove Powell.

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