this post was submitted on 15 Apr 2026
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Donald Trump said he will fire Federal Reserve Chair Jerome Powell if he does not step aside when his term expires next month.

Powell’s tenure as chair expires on May 15. Trump’s pick for a replacement, Kevin Warsh, has yet to be confirmed by the Senate and the full chamber. That leaves the potential for Powell to remain in place as chair “pro tempore,” per Fed regulations.

Powell confirmed at a press briefing in March that if Warsh isn’t confirmed by the Senate by May 15, Powell would remain as Fed chair “pro tem” in the interim. “That’s what the law calls for. That’s what we’ve done on several occasions,” Powell said at the time.

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[–] sidelove@lemmy.world 28 points 5 months ago (3 children)

I could not imagine a dumber possible move than trying to lower interest rates when gas is this high, wtf

[–] grue@lemmy.world 41 points 5 months ago (1 children)

Everything Trump does makes perfect sense if you assume his goal is to destroy the United States.

[–] 4am@lemmy.zip 8 points 5 months ago

“I’ll destroy them for what they made me do to you, my wonderful Jeffery who gave me everything.”

[–] HubertManne@piefed.social 6 points 5 months ago

its a common idiot move. see turkey and zimbabwe and ww1 germany.

[–] Malyca@lemmy.zip 3 points 5 months ago

The man has an economics degree from an ivy league university, he knows what he's doing! /S