Rumors are roaming on the Internet, that US President Donald Trump Fed Fed Chair can fire Jerome Powell. Crypto markets are on the shore because pundits believe it can go in both ways. But, the real question is, can the US President actually fire a fed chair?
US President cannot legally fire on a fed chair
Jerome Powell was appointed as the Fed Chairman himself by Donald Trump in February 2018. In 2021, he was rebuilt again for a second term by former US President Biden. Jerome Powell is currently serving as a member of a Fed Board and his current term of 4 years will end in May 2026.
Recently, both the President of the Fed and the US President have not seen an eye on tariffs and economic policies to monitor the differences. They are often publicly collided in public and criticize each other’s approach to geopolitics and economics. Recently, as mentioned by Cooingup, President Trump asked Chairman Powell to cut fed rates,
A Supreme Court ruled on 22 May 2025 Fed chairmans are legally protected And cannot be removed by President Trump. The Supreme Court clarified that the relationship between Fed and the President is different from other agencies. Historically, an American President never fired a fed president.
Jerome Powell was once Asked that President Trump can set fire He is re -chosen, to which he replied, “not allowed under the law”.
What can President Trump do?
While the current laws do not allow Trump to directly firing the Fed chair, they have the option to re -appoint him when his term ends in May 2026. Fed keeps interest rates unchanged Citing uncertainty on Trump tariff. Fed has maintained a cautious approach despite the pressure from the Trump administration. The pundits are divided into 2025 on the possibility of rate cut.
Chicago Federal Reserve Bank President Auston Gulasbi recently Said that a fed interest deduction is possible In 2025 if the tariff is avoided by a business deal. He said that this is based on his confidence on the power of American economy and cooling inflation. One was ruled by the recent decision of the US Trade Court to stop Trump Tariff Federal court appeal to restore Trump tariff,
Recently, they too met raising doubts about the next interest cuts but Jerome Powell said that any such decision would be made on the basis of the current economic situation and not on the basis of the President’s demands.
Crypto and overall S&P 500 are built on edge as the next decision on Trump’s tariff deals in the market is eagerly awaited and the president’s interest rate has been cut.
Sunil Sharma
Sunil is a serial entrepreneur and has now been working in blockchain and cryptocurrency space for 2 years. First he co-established the government. India supported the Startup Inthink and currently the Chief Editor in Coingpe and CEO in Squadx, a Fintech Startup. He has published more than 100 articles on cryptocurrency and blockchain and has assisted several ICOs in his success. He has co-designed blockchain development industrial training and has hosted several interviews in the past. Follow it on x @sharmasunil8114 And Sunil (AT) arrive at her at coingpe.com
Disclaimer: The material presented may include the author’s personal opinion and is subject to the market status. Do your market research before investing in cryptocurrency. The author or publication does not have any responsibility for your personal financial loss.
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