Trump Raises Pressure on Powell While Calling Firing ‘Unlikely’

President Donald Trump said it is “highly unlikely” that he fires Jerome Powell, after a White House official said the president was likely to seek the Federal Reserve Chair’s ouster soon. Trump said he discussed the concept of firing Powell in a meeting with congressional Republicans on Tuesday night.Source: Bloomberg

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By Josh Wingrove

July 17, 2025 at 2:26 AM UTC

President Donald Trump said he’s not planning to fire Jerome Powell, and still managed to make it sound like a threat.

Trump’s comments capped a hectic few hours that took his pressure campaign against the Federal Reserve chief to a new level — and sent markets into a shortlived nosedive.