Trump Threatens to Dismiss Fed Chair Powell Amid Succession Uncertainty

4 articles · Updated · Bloomberg · Apr 15

President Donald Trump has threatened to fire Federal Reserve Chair Jerome Powell if he does not step down when his term expires next month.
Powell’s term as chair ends May 15, but he could remain as chair pro tempore if a successor is not confirmed by the Senate.
Trump’s move follows ongoing criticism of Powell and a Justice Department investigation into the Fed chief, raising concerns over central bank independence.

If Powell refuses to step down and Warsh is not confirmed, who legally leads the Federal Reserve after May 15?

How might prolonged uncertainty over the Fed’s leadership affect financial markets and the US economy?

How do other major economies handle central bank leadership disputes, and what lessons could the US draw from them?

What are the potential risks to monetary policy if the DOJ investigation into Powell remains unresolved?

Could the Supreme Court’s upcoming decision on Fed governor removal reshape central bank independence for decades?

How do legal experts interpret the boundaries of presidential authority over independent agencies like the Federal Reserve?