Did Jerome Powell write a July 22, 2025, letter informing President Donald Trump of his resignation as Chairman of the Federal Reserve? No, that's not true: A widely-shared screenshot of such a letter was in fact a fake,

The Federal Reserve’s independence from political interference, viewed as sacrosanct inside the central bank, is under siege.

As recently as last week, President Trump was considering firing Powell, but later told reporters it was “highly unlikely” he would do so.

It’s just six months into President Trump’s second term, and speculation is swirling about the fate of his Federal Reserve chairman, Jerome Powell. Headlines pulse with the drama of his impending firing, and pundits are debating the consequences — as if such an act were merely a question of presidential will.

"It doesn't occur to me in the slightest that there would be any situation in which I would not complete my term other than dying," Powell said in 2019.

Powell has faced a firestorm of Republican criticism over the lavish renovation — as President Trump demands that Powell consider resigning after refusing to lower interest rates.

Former Treasury Secretary Janet Yellen defended Federal Reserve Chairman Jerome Powell against calls for his resignation. President Donald Trump has floated replacing Powell, 72, who was nominated by

In a social media post, Ray Dalio outlined that he believes the disagreement between Donald Trump and Federal Reserve Chair Jerome Powell centers around the value of money, with the US president advocating for lower real interest rates and devaluation.