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April 15, 2026

Trump threatens to fire Fed Chair Powell amid ongoing investigation

  • Trump reiterated he will fire Jerome Powell if he stays on past May 15, criticizing Powell's handling of interest rates.
  • Senator Thom Tillis continues to block Kevin Warsh's nomination until the Justice Department concludes its investigation into Powell.
  • Despite the threat of dismissal, Powell has stated he will remain until the investigation is resolved.