How Trump’s repeated efforts to fire Federal Reserve Chair Powell harm the economy – and make battling inflation harder

Politicians have long coveted control over monetary policy. Good economic governance requires that they don’t get it.

By: Ana Carolina Garriga, University of Essex and Cristina Bodea, Michigan State University, The Conversation

Outlets: The Conversation

Published: April 16, 2026

Words: 1,812

Last Updated: 3 months, 2 weeks ago

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By Ana Carolina Garriga, University of Essex and Cristina Bodea, Michigan State University

President Donald Trump has again threatened to oust Federal Reserve Chair Jerome Powell, putting at risk a keystone of good economic policy and inflation management: central bank independence.

The president said on April 15, 2026, that he would fire Powell if the Fed chair stayed on in that role after his term officially ends on May 15. Powell has said …

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