FX.co ★ Trump Rules Out Removing Fed Chair Powell Before Term Ends

U.S. President Donald Trump has affirmed that he will not dismiss Federal Reserve Chair Jerome Powell before the conclusion of his term in May 2026, despite ongoing criticism. During an interview on NBC’s Meet the Press, Trump emphasized his stance, stating, “No, no, no. Why would I do that? I have the opportunity to appoint someone new in just a short period of time.” While Trump described Powell as “a total stiff” who “just doesn’t like me,” he continued to press for reductions in interest rates, adding, “At some point, he will.” These comments provide Trump’s most definitive indication that Powell’s role is stable for the moment, alleviating concerns that arose last month when Trump’s critical remarks triggered market anxiety regarding the Federal Reserve's independence.