Trump threatens to remove Fed Chair Jerome Powell
President Trump has issued another threat to fire Federal Reserve Chair Jerome Powell. This comes amid ongoing scrutiny of the central bank's operations. (sources: npr, theguardian, upi, nytimes, bbc)
Trump has threatened to dismiss Powell if he does not resign by May. This threat is part of a broader pressure campaign regarding the Federal Reserve's activities.
- Trump has previously threatened to fire Powell, indicating ongoing tensions.
- The threat is linked to a probe of the Federal Reserve's renovations.
- Trump's comments suggest he is dissatisfied with the Fed's current direction.
Why it matters
The situation could impact the leadership and policies of the Federal Reserve, influencing economic decisions.
↓ Why this is on ModernAction
4 bills on this issue are moving right now — and the most active one is Affirming the independence of the Federal Reserve System, its Chairman, and the Board of Governors..
HRES677 · 119th Congress
Affirming the independence of the Federal Reserve System, its Chairman, and the Board of Governors.
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About this bill
What HRES677 actually does
This story is about Once again Trump threatens to fire Fed Chair Jerome Powell. This bill would formally state House support for Fed independence and urge the President/executive branch to avoid interference.
If passed, it would:
- Formally state House support for Fed independence and urge the President/executive branch to avoid interference • Not change underlying Fed removal law (it’s a simple resolution.
3 other bills moving on this issue
Take action on any of them individually.
This story is about Once again Trump threatens to fire Fed Chair Jerome Powell. This bill would require/permit GAO audits of the Fed that include monetary-policy deliberations and related communications.
If passed, it would
- Require/permit GAO audits of the Fed that include monetary-policy deliberations and related communications • Increase public/congressional visibility into Fed decisionmaking, with potential implications for independence and.
This story is about Once again Trump threatens to fire Fed Chair Jerome Powell. This bill would convert the Fed/CFPB Inspector General into a President-appointed, Senate-confirmed position.
If passed, it would
- Convert the Fed/CFPB Inspector General into a President-appointed, Senate-confirmed position • Shift oversight dynamics around investigations/audits involving the Fed and CFPB.
This story is about Once again Trump threatens to fire Fed Chair Jerome Powell. This bill would add statutory “cause for removal” procedures tied to specified interest-rate benchmarks.
If passed, it would
- Add statutory “cause for removal” procedures tied to specified interest-rate benchmarks (rules-based trigger • Potentially make removal fights more legal/technical (benchmark compliance) rather than purely political.
Top coverage · 15 sources