Trump Threatens to Fire Powell

Trump has repeatedly criticized Powell's performance, labeling it a 'bad job' and pushing for a replacement who would be more aligned with his economic agenda.

The timing of Powell's potential departure is complicated by his stated intention to serve as chair pro tempore if a successor is not confirmed by May 15.

Economists warn that political interference in monetary policy could undermine market stability and make the battle against inflation significantly harder.

The standoff represents a major test of the institutional guardrails that protect the Federal Reserve from executive branch pressure.