Economic Impact Of Powell's Potential Early Exit
2025-07-11 13:00:00 ET
By Padhraic Garvey, CFA , Francesco Pesole , Chris Turner
US President Donald Trump has ramped up pressure on Fed Chair Jerome Powell, explicitly calling for his resignation as he deems the Fed’s stance too restrictive. The probability of Powell leaving before his term expires in May 2026 remains very low. The US government can only remove Fed board members “for cause”; disagreement over monetary policy decisions isn’t enough, and Powell has given no indications he might cut his term early....
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