Trump Threatens to Fire Powell if He Stays as Acting Fed Chair

President Donald Trump has now threatened to fire Federal Reserve Chairman Jerome Powell if he doesn’t step aside when his term ends in mid-May, setting the stage for a legal battle as the nomination of Powell’s successor is in limbo. The escalation came Wednesday morning when the president said he planned to fire Powell if he tried to stay on as acting chairman beyond the end of his term, if his replacement has not been confirmed. How red and blue state tax cuts differ in 2026 legislative session Hochul proposes tax on NYC second homes in bid to save Mamdani’s budget Working families tax cuts delivered historic tax refund season RED-HOT INFLATION RAISES THE RISK OF DISASTER FOR REPUBLICANS