President Trump has spent the first months of his presidency upending long-standing norms, from firing commissioners of independent agencies to ramping up tariffs against U.S. allies and rivals alike. But there is one line he hasn’t crossed: firing the head of the central bank. This week, though, new developments have raised fears that Trump could take the once unthinkable step of dismissing Federal Reserve Chair Jerome Powell.
On Thursday, Trump issued a tirade on his social media platform, Truth Social, blasting the Fed chair as always “too late and wrong” about cutting interest rates, adding: “Powell’s termination cannot come fast enough!”
