An attempt by Trump to fire Powell would face major legal challenge

Published July 19, 2025 7:00am ET



If President Donald Trump takes the unprecedented step of trying to fire Fed Chairman Jerome Powell, the effort would roil markets and likely be met with pushback in the courts.

Trump and the Trump administration have increasingly turned their fire on Powell and his leadership of the central bank. Much of the ire stems from Powell and the Federal Open Market Committee’s repeated decisions to not lower interest rates.

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