President Trump would love to be finally rid of Fed Chair Jerome Powell. But firing him would kick up a legal firestorm and roil financial markets, experts said.

President Donald Trump has again threatened to fire Jerome Powell if the Federal Reserve Chair decides to stay on the central bank’s governing board after his term as chair expires next month.

Kevin Warsh’s confirmation hearing before the Senate Banking Committee is Tuesday, April 21, 2026. He’s President Trump’s nominee to succeed Federal Reserve Chair Jerome Powell. During the hearing, Warsh’s plans to reshape monetary policy and reduce the Fed’s $6.

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Federal Reserve Chair nominee Kevin Warsh has pledged to divest from a foreign-oriented investment fund if confirmed to ‌lead the U.S. central bank, according to an updated financial disclosure filing.

President Donald Trump on Wednesday threatened to fire Federal Reserve Chair Jerome Powell from his separate seat as a member of the U.S. central