AssetID: 54923861
Headline: UNCAPTIONED: Trump's Threat to Fire Fed Chair Powell Raises Economic Alarm
Caption: Trump's Threat to Fire Fed Chair Powell Raises Economic Alarm. President Donald Trump says it's "highly unlikely" he'll fire Federal Reserve Chair Jerome Powell—just hours after telling Republicans he was considering it. The markets wobbled briefly but rebounded as Trump appeared to walk back his remarks. Powell, whom Trump originally appointed, has long been a target of the former president's criticism, especially over interest rates. On Wednesday, Trump called him a "knucklehead" and accused him of "doing a lousy job.” Though firing a Fed chair would be unprecedented and legally complicated, Trump's allies are ramping up pressure, pointing to cost overruns on a $2 billion renovation project as grounds for dismissal. Analysts warn that interfering with the Fed's independence could rattle investor confidence and threaten economic stability. Powell's current term ends in May 2026, but the White House is reportedly vetting possible replacements—adding more uncertainty to an already fragile global economy. Instructions: THIS VIDEO MUST NOT BE EDITED FOR LENGTH TO COMBINE WITH OTHER CONTENT
Keywords: Current affairs & Politics,Trump,Federal Reserve,Jerome Powell,firing threat,economic alarm,market reaction,interest rates,criticism,“knucklehead,” renovation cost overrun,$2 billion project,Fed independence,investor confidence,economic stability,unprecedented dismissal,legal complications,Powell term,May 2026,White House,replacement vetting,global economy uncertainty
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