Fed chair on edge: Who is Jerome Powell, leading the US Federal Reserve since 2018? Why Trump wants to fire him and end his streak

Jul 17, 2025 - 12:30
Fed chair on edge: Who is Jerome Powell, leading the US Federal Reserve since 2018? Why Trump wants to fire him and end his streak

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Donald Trump has reignited his feud with Federal Reserve Chair Jerome Powell, hinting at his potential removal if re-elected. Trump criticizes Powell's interest rate hikes, blaming them for hindering economic growth. This move raises concerns about the Fed's independence and potential market instability, as experts warn against political interference in monetary policy.

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