Trump Indicated to Republican Lawmakers He Will Fire Fed's Powell, CBS Reports

By Reuters

Published 2 months ago on

July 16, 2025

Federal Reserve Chair Jerome Powell testifies before a House Financial Services Committee hearing on "The Semiannual Monetary Policy Report to the Congress," on Capitol Hill in Washington, D.C., U.S., June 24, 2025. (Reuters File)

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President Donald Trump on Tuesday asked Republican lawmakers if he should fire Federal Reserve Chair Jerome Powell, and several people in the room indicated he will do it, CBS News reported, citing multiple sources with direct knowledge.

The meeting with members of the House of Representatives took place at the Oval Office, CBS said.

—

(Reporting by Ryan Patrick Jones in Toronto)

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Federal Reserve Chair Jerome Powell testifies before a House Financial Services Committee hearing on "The Semiannual Monetary Policy Report to the Congress," on Capitol Hill in Washington, D.C., U.S., June 24, 2025. (Reuters File)

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