Donald Trump says

Jerome Powell's Federal Reserve Server Images testify to the Senate Bank Committee at the Senate Office Hart on the Capitolian Hill on February 11, 2025 in Washington, Columbia CountyGets the image

President Donald Trump said it was “highly used”, he will dismiss the chairman of the US Federal Reserve, a few hours after the legislators asked whether he should be released by Jerome Powell.

Stock markets and dollar fell after the reports that Tuesday unleashed the idea with Republicans.

Trump has repeatedly urged Powell to reduce interest rates in the US in a number of very critical explosions.

It continued on Wednesday when Trump said Powell, which the president had appointed during his first term, “did his lousy work,” but while he said he didn’t rule out anything, “it is very unlikely if he did not have to go for fraud.”

The federal reserve system is independent of the White House.

Powell denied that the White House had the powers to fire it, especially as a policy, but the White House officials said it could be deleted in the case.

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