Trump Threatens to Dismiss Fed Chair Powell, Nominated Successor Awaits Senate Confirmation

Published: Apr 19, 2026 22:00

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US President Trump stated explicitly that he would dismiss Fed Chairman Powell if Powell remained in his position after his term expired. Meanwhile, Trump also said he had no intention of ending the investigation into Powell. Currently, Trump's nominated successor, Warsh, has not yet been confirmed by the Senate, suggesting that during the transition period, Powell may continue to fulfill his duties in the capacity of "interim chairman."

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