Sightful Invest
  • Business
  • Investing
  • Politics
  • Stock
Top Posts
Bernie Sanders calls for RFK Jr. to resign...
Top Senate Republican ready to go nuclear, ‘roll...
Altech Batteries LtdCERENERGY Battery 46.7M Euro German Grant...
Altech – CERENERGY Battery 46.7M Euro German Grant...
Locksley Resources LimitedStrengthens Leadership to Accelerate Growth Strategy
Heliostar Presents Second Quarter 2025 Financial Results
Apollo to Proceed with 5-for-1 Share Consolidation
Rhode Island’s ‘Taylor Swift Tax’ on vacation homes...
Former FBI Director Robert Mueller has Parkinson’s disease:...
Earthwise Advertising & Investor Awareness Campaign
  • Business
  • Investing
  • Politics
  • Stock

Sightful Invest

Business

Trump says it’s ‘highly unlikely’ he will fire Fed Chair after broaching idea with GOP reps

by admin July 18, 2025
July 18, 2025
Trump says it’s ‘highly unlikely’ he will fire Fed Chair after broaching idea with GOP reps

President Donald Trump said Wednesday it was ‘highly unlikely’ he would fire Jerome Powell as chair of the Federal Reserve.

His statements, made in the Oval Office, come less than 24 hours after telling a room full of Republican lawmakers that he was considering doing so.

“No, we’re not planning on doing anything,” Trump told reporters in response to a question about whether he wanted to fire Powell.

“I don’t rule out anything but I think it’s highly unlikely unless he has to leave for fraud,” Trump said, while criticizing Powell’s management of a Fed renovation project that the White House had recently floated as a pretext for removing the Fed chair.

Fed Chair Jerome Powell testifies before the Senate Banking, Housing and Urban Affairs Committee on June 25. Kent Nishimura / Getty Images

The president had asked GOP lawmakers late Tuesday how they felt about firing the Fed chair, according to a senior White House official. They expressed approval for firing him. The president then indicated he likely would soon but that no final decision had been made.

Still, Rep. Anna Paulina Luna, R-Fla., posted on X on Tuesday night that Powell’s firing was ‘imminent,’ something that prompted a sell-off in stock futures before Wednesday’s market open. By noon Wednesday, major stock indexes had recovered to trade almost flat on the day.

CBS News first reported the meeting. A Fed official declined comment to CNBC on the report about the Trump meeting Tuesday, which came after Republicans blocked a procedural vote on crypto legislation that the president favors.

Trump and other White House figures have launched a multipronged attack on Powell to push the central bank to lower its key borrowing rate. Most recently, they have blasted Powell over renovations to the Fed’s Washington headquarters, raising suspicion that Trump could try to remove him for cause.

A recent Supreme Court decision indicated that the president does not have the authority to remove Fed officials at will.

In a CNBC interview Wednesday, Rep. French Hill, R-Ark., the chair of the House Financial Services Committee, repeated that “I don’t see” Trump firing Powell. Treasury Secretary Scott Bessent also told Bloomberg News on Tuesday that he didn’t expect Trump to move in that direction.

However, Luna, who on Tuesday joined with other party members in blocking the crypto initiative, said on X that a move against Powell is forthcoming.

“Hearing Jerome Powell is getting fired! From a very serious source,” she said, later adding, “I’m 99% sure firing is imminent.”

This post appeared first on NBC NEWS

previous post
A flagging U.S. industry looks for new life in a Philadelphia shipyard
next post
WGC: Gold Keeps Climbing, Future Hinges on Economic and Geopolitical Crossroads

You may also like

Retailers saw a dismal fall quarter. The election...

November 28, 2024

IAC approves spinoff of home improvement marketplace Angi

January 14, 2025

The war on woke: How a gay rights...

December 4, 2024

TikTok parent company dismisses intern who it says...

October 22, 2024

Lululemon shares drop 15% as CEO says inflation,...

March 29, 2025

Disney tops quarterly profit estimates but starts to...

February 6, 2025

Boeing CEO says China has stopped taking its...

April 24, 2025

How a tiny town hit by Helene could...

October 6, 2024

U.S. farm agency allows six more states to...

August 6, 2025

SEC Chair Gary Gensler will step down Jan....

November 23, 2024

Recent Posts

  • Bernie Sanders calls for RFK Jr. to resign as HHS secretary over vaccine policies: ‘Rally the American people’
  • Top Senate Republican ready to go nuclear, ‘roll over’ Democrats with rule change to confirm Trump nominees
  • Altech Batteries LtdCERENERGY Battery 46.7M Euro German Grant Approval
  • Altech – CERENERGY Battery 46.7M Euro German Grant Approval
  • Locksley Resources LimitedStrengthens Leadership to Accelerate Growth Strategy

    Become a VIP member by signing up for our newsletter. Enjoy exclusive content, early access to sales, and special offers just for you! As a VIP, you'll receive personalized updates, loyalty rewards, and invitations to private events. Elevate your experience and join our exclusive community today!


    By opting in you agree to receive emails from us and our affiliates. Your information is secure and your privacy is protected.

    Categories

    • Business (903)
    • Investing (2,877)
    • Politics (3,527)
    • Stock (4)
    • About us
    • Privacy Policy
    • Terms & Conditions

    Disclaimer: sightfulinvest.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

    Copyright © 2024 Sightful Invest. All Rights Reserved.