President Donald Trump said he is still weighing whether to remove Federal Reserve Chair Jerome Powell, repeating sharp criticism of Powell’s leadership and signaling a decision could come as soon as January.
“I would love to fire him — maybe I still might,” Trump said, while adding that he will announce his plans for the Fed chairmanship “at the right time” and that “there’s still plenty of time.”
Trump accused Powell of “gross incompetence,” citing what he described as massive cost overruns tied to a renovation of Federal Reserve buildings, which he claimed could exceed $4 billion.
Trump contrasted that spending with construction projects he said his administration has completed under budget and ahead of schedule.
The president also renewed his long-standing criticism of Powell’s handling of interest rates, saying the Fed chair was “always too late,” except before the election, when Trump alleged rate decisions were politically motivated.
Powell was initially appointed as chair of the Federal Reserve in 2018 and was reappointed during the Biden administration.
Trump said his administration has discussed the possibility of legal action against Powell, though he did not provide details or a timeline.
He emphasized that no final decision has been made and reiterated that any announcement regarding the future of the Federal Reserve leadership would come later.
By Newsmax – https://www.newsmax.com/finance/streettalk/federal-reserve-jerome-powell-donald-trump/2025/12/29/id/1240067/
