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Trump on Powell: Not planning on doing anything; change will be in the next 8 months
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US President Trump On If He'll Fire Fed Chair Powell; Says He Has Been ‘Too Late’
— LiveSquawk (@LiveSquawk) July 16, 2025
- Powell Does A Terrible Job, We Fight Through It
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US President Trump: Powell’s Board Is Not Doing Its Job
— LiveSquawk (@LiveSquawk) July 16, 2025
- “We Get To Make A Change In 8 Months”
- We'll Pick Someone Who Is Good
- Asked About Firing Powell, Says “They're Not Talking About It”
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Donald Trump Expresses Worry Over Federal Reserve Chair Powell's Plans for Economic Policy
— First Squawk (@FirstSquawk) July 16, 2025
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Trump on Not Firing Powell: Unless there is fraud with renovation.
— FinancialJuice (@financialjuice) July 16, 2025
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From @LiveSquawk|Jul 16, 2025|225 commentsTrump Has Drafted Letter To Fire Fed Chair And Asked Republicans If He Should - @nytimes https://t.co/BAEqJc32kR
From @LiveSquawk|Jul 16, 2025|154 commentsWH Official: Trump Likely To Fire Fed Chair Powell Soon, No Exact Timeline For Decision - Trump Spoke To Lawmakers On Tuesday About Decision
Trump Likely to Fire Powell Soon, White House Official Says President Donald Trump is likely to fire Federal Reserve Chair Jerome Powell soon, a White House official said, and discussed the possible move in a meeting with congressional Republicans on Tuesday night. While the lawmakers voiced support for the move, which would likely roil financial markets and lead to a consequential legal showdown, Trump has not made a final decision and could change his mind, according to the official who requested anonymity to discuss a private conversation. The president has repeatedly expressed frustration over the central bank’s decision to hold interest rates steady, and administration officials have confirmed in recent days that the process to select a successor to Powell — whose term as chair isn’t set to expire until May 2026 — is underway.
From @DBNewswire|Jul 16, 2025|360 comments*LAWMAKERS SAY TRUMP INDICATED HE WILL FIRE FED CHAIR POWELL: CBS *TRUMP ASKED GOP LAWMAKERS ABOUT FIRING FED CHAIR POWELL: CBS
Trump asked GOP lawmakers if he should fire Fed Chair Jerome Powell, sources say President Trump on Tuesday asked a group of House Republicans if he should fire Federal Reserve Chair Jerome Powell — and people in the room voiced approval, according to multiple sources with direct knowledge. Several said Mr. Trump indicated he will do it. Mr. Trump made the comments to the Republican House members in the Oval Office on Tuesday night, after they blocked a procedural vote that would have advanced cryptocurrency legislation in the House favored by Mr. Trump. The idea of a president removing a Fed chair is legally untested – federal law says the chair can only be fired "for cause." The action could have serious negative effects on financial markets. Sources inside the administration told CBS News the president has been socializing the possibility of a for-cause firing in public and private remarks, but the White House has not yet formally built a legal predicate. The Trump administration has tried to increase the pressure on Powell, with some administration officials publicly accusing the Fed of mismanaging a multibillion-dollar project to renovate its Washington headquarters — an allegation Powell has pushed back on.
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From zerohedge.com|Jul 16, 2025|43 commentsWell that didn't take long. President Trump was asked in the Oval Office whether he was looking to fire Powell 'soon'. He responded 'no'... *TRUMP: POWELL 'TERRIBLE' FED CHAIR ...
From cnbc.com|Jul 16, 2025|15 commentsHours after President Donald Trump told a room full of Republican lawmakers that he will fire Federal Reserve Chair Jerome Powell, he denied plans to do that. “We’re not planning ...
From federalreserve.gov|Jul 16, 2025|2 commentsEconomic activity increased slightly from late May through early July. Five Districts reported slight or modest gains, five had flat activity, and the remaining two Districts noted modest declines in activity. That represented an improvement over the previous report, in which half of Districts reported at least slight declines in activity. Uncertainty remained elevated, contributing to ongoing caution by businesses. Nonauto consumer spending declined in most Districts, softening slightly overall. Auto sales receded modestly on average, after consumers had rushed to buy vehicles earlier this year to avoid tariffs. Tourism activity was mixed, manufacturing activity edged lower, and nonfinancial services activity was little changed on average but varied across Districts. Loan volume increased slightly in most Districts. Construction activity slowed somewhat, constrained by rising costs in some Districts. Home sales were flat or little changed in most Districts, and nonresidential real estate activity was also mostly steady. Activity in the agriculture sector remained weak. Energy sector activity declined slightly, and transportation activity was mixed. The outlook was neutral to slightly pessimistic, as only two Districts expected activity to increase, and others foresaw flat or slightly weaker activity. Fed Beige Book: Prices Increased Across Districts, with seven characterising price growth as moderate and five characterising it as modest, mostly similar to the previous report. Fed's July Beige Book: "Economic activity increased slightly from late May through early July. Five Districts reported slight or modest gains, five had flat activity, and the remaining two Districts noted modest declines in activity" FED BEIGE BOOK: OUTLOOK NEUTRAL TO SLIGHTLY PESSIMISTIC; ONLY TWO DISTRICTS EXPECT GROWTH, OTHERS SEE FLAT OR WEAKER ACTIVITY. MORE FED'S BEIGE BOOK: LATEST SURVEY AN IMPROVEMENT OVER PREVIOUS; UNCERTAINTY 'REMAINED ELEVATED;' NONAUTO CONSUMER SPENDING DECLINED MOST DISTRICTS #FOMC #minutes #economy
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