Trump Says He Will Remove Fed Chair Powell If Term Not Honored, Nominates Warsh as Successor
President Donald Trump stated in a Fox Business interview that he will fire Federal Reserve Chair Jerome Powell if Powell does not leave office after his term expires on May 15. Trump nominated former Fed Governor Kevin Warsh as Powell's replacement, with a Senate confirmation hearing scheduled. A subpoena related to the Fed headquarters renovation was issued to Powell but rebuffed by a judge.
Cnbc# Trump Threatens to Fire Federal Reserve Chair Powell President Donald Trump threatened to fire Federal Reserve Chair Jerome Powell during an interview on Fox Business on Wednesday. Trump stated that if Powell does not leave office on his own, he will fire him. Trump told Fox Business he wants Powell to leave the central bank next month when his term as chair expires.
Trump stated, 'If he's not leaving on time — I've held back firing him. I've wanted to fire him, but I hate to be controversial. ' Trump stated if Fed Chair Jerome Powell doesn't leave on time he will fire him.
Jerome Powell's term as Fed chair expires on May 15. Powell has two years remaining on his term as Fed governor. Trump told Fox Business that if Powell stays on as a Fed governor after his successor is confirmed, he will have him removed from office.
Nomination of Kevin Warsh Advances Trump nominated former Fed Governor Kevin Warsh as his replacement for Fed chair.
The Senate scheduled a confirmation hearing for Kevin Warsh. Kevin Warsh heads to Congress next week for his Fed chair nomination confirmation. Sen. , stated he will block Warsh's nomination from leaving the Senate Banking Committee until the probe into the Fed headquarters renovation is finished.
Trump said the probe into the renovation of the Federal Reserve's headquarters needs to continue.
Probe into Fed Headquarters Renovation Washington, D.
C. S. Attorney Jeanine Pirro issued a subpoena to Powell for information regarding the Fed headquarters renovation project. A judge rebuffed the subpoena issued by Jeanine Pirro to Powell. Jeanine Pirro is appealing the judge's decision to rebuff the subpoena.
Trump stated, 'What they've done to that so it is probably corrupt, but what it really is is incompetent, and we have to show the incompetence of that,' regarding the Fed headquarters renovation.
Prior Efforts to Replace Fed Governors Last year, Trump tried to replace Governor Lisa Cook following accusations of mortgage improprieties.
U.S. Supreme Court. Jerome Powell steps down as Fed chair in one month from the Reuters report date.
Story Timeline
6 events- 2026-04-15 (Wednesday)
Trump threatens to fire Powell in Fox Business interview
1 sourceCnbc - Next week (from 2026-04-15)
Kevin Warsh heads to Congress for confirmation hearing
1 source@Reuters - May 15, 2026
Jerome Powell's term as Fed chair expires
1 sourceCnbc - 2025
Trump tries to replace Governor Lisa Cook
1 sourceCnbc - Recent (prior to 2026-04-15)
Judge rebuffs subpoena to Powell; Pirro appeals
1 sourceCnbc - Recent (prior to 2026-04-15)
Senate schedules confirmation hearing for Warsh
1 sourceThe New York Times
Potential Impact
- 01
Continued probe into Fed headquarters renovation may reveal incompetence or corruption as stated by Trump
- 02
Potential delay in Fed leadership transition due to Tillis block on Warsh nomination
- 03
Removal of Powell from governor position if successor confirmed and he remains
- 04
Escalation of legal proceedings if Pirro's subpoena appeal succeeds, affecting Powell's role
- 05
Precedent from Supreme Court case on Lisa Cook could influence Powell's status
Multi-source corroboration verifies facts, not framing. This panel scores the Substrate rewrite you just read (top score) and the raw source bundle it came from. A positive delta means the rewrite stripped framing from the sources; a negative or zero delta means our neutralizer let some through.
Trump's push to replace Powell ensures swift confirmation of Warsh, who could promptly lower rates to support economic growth amid ongoing Fed probe revelations.
- Lede misdirectionnotable“TITLE: Trump States He Will Remove Fed Chair Powell...; lede: Trump threatened to fire Federal Reserve Chair Jerome Powell”Focuses on Trump's statement process over Fed term expiration and nomination substanceThe headline leads with who shared, posted, or reacted to the event rather than the substantive event itself — burying the actual news behind the messenger.
- Valence skewnotable“'Trump threatened to fire' and 'I've held back firing him' with negative verbs for Trump”Systematically negative verbs attached to Trump's actions despite neutral factsAdjectives and adverbs systematically slant toward one interpretation even though the underlying facts are neutral.
- Loaded metaphorminor“'Threatens to fire' and 'hate to be controversial' echoing source framing”Repeats dramatic verbs like 'threatens' from consensus source languageSources share the same narrative framing verbs (“sow doubt”, “spark backlash”) — a sign of a shared template, not independent reporting.
Transparency Panel
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