White House: Trump is Studying Whether he Can or Cannot Fire Jerome Powell
Tensions between Donald Trump and Federal Reserve Chairman Jerome Powell have reached new heights, with the former president now openly questioning whether he has the authority to remove Powell from his post.
According to the information White House economic adviser Kevin Hassett said on Friday that President Donald Trump is actively reviewing whether to remove Federal Reserve Chair Jerome Powell—a move that would break with long-standing norms of central bank independence.
“The president and his team will continue to study that matter,” Hassett told reporters when asked if firing Powell was on the table.
Hassett’s comments came just one day after Trump reignited tensions with Powell, accusing him of “playing politics” by refusing to cut interest rates. Trump added that he could “fire Powell real fast,” escalating concerns about potential White House interference in Fed policy.
Trump’s latest remarks were triggered by Powell’s recent speech at the Economic Club of Chicago, where the Fed Chair expressed a cautious stance on adjusting interest rates. Trump, who has long favored lower rates to boost economic growth, contrasted Powell’s inaction with the European Central Bank’s aggressive cuts.
“Too Late should have lowered Interest Rates, like the ECB, long ago, but he should certainly lower them now,” Trump posted. He added that oil and grocery prices are down and the U.S. is “getting RICH ON TARIFFS,” arguing that the time for a rate cut is now.
Kosta has reported on cryptocurrency markets and blockchain infrastructure since 2020, bringing over six years of hands-on experience in the crypto industry built through daily tracking of markets, trends, and emerging blockchain developments. Specializing in Bitcoin on-chain analysis, institutional ETF flows, and digital asset price action, his work at Coindoo has been cited by other news agencies and consistently covers market developments with a focus on data-driven reporting across Bitcoin, Ethereum, Solana, and XRP. Over the years, Kosta has contributed to multiple crypto media outlets in different regions, authoring over 6,000 articles across the sector. His reporting spans cryptocurrency markets and the broader fintech industry, tracking not only price action but also the technological and regulatory forces shaping the ecosystem. To support his analysis, Kosta actively leverages on-chain data and metrics from leading platforms such as Santiment, Glassnode, and CryptoQuant, enabling deeper, evidence-based market insights. He believes in the power of transparency and the data that underpins the blockchain ecosystem. His academic background in Marketing Management from Denmark further complements his analytical approach, adding a strong understanding of communication strategy and content positioning to his work.
