Trump drafted letter to fire Fed Chair Powell: NYT | Metals Mine

Trump drafted letter to fire Fed Chair Powell: NYT | Metals Mine

Trump drafted letter to fire Fed Chair Powell: NYT

Trump Has Drafted Letter To Fire Fed Chair And Asked Republicans If He Should - @nytimes https://t.co/BAEqJc32kR
— LiveSquawk (@LiveSquawk) July 16, 2025

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Jul 16, 2025 10:59am

Quoting Trader#4A4B

Disliked

OK boys and girls if you missed the last dip this is your chance, wait for the pullback to end and watch the rebound make some new highs. Legally the president cannot fire the fed chair so drafting a letter is useless, he might as well make it a paper airplane for all the good it will do. Only Congress can change the law so for this to actually happen it would have to happen like this Bill IntroductionProposed by a member of Congress (House or Senate). Example: A tax reform bill could start in the House Ways & Means Committee. Committee Review...

Ignored

I do not disagree.....BUT....that doesn't mean the administration won't just do it symbolically....which means markets will move. Having scalped the dips, I'm not mad about those trades, but this "news" is coming at a time when the equity markets are:

1) seasonally looking toward weakness for the next 3 months
2) near all time highs (so primed for a natural pullback anyway)
3) at low VIX with expiration this week....so there'll be a little pop as the new front month rolls in regardless
4) needing to signal to the administration that messing with the FED is a bad idea
5) needing to signal to the administration that this August 1 tariff deadline is a bad idea

In short, there is AMPLE reason for the markets to start rolling over. So, that likely means we'll see new ATH's before the end of the week, right??

Prediction: what you said is correct. There will be a flurry of activity around this, then it will settle/erase the down move. New "cash hour" highs? After, it's anyone's guess.

Tech earnings are going to throw a huge wrench in the 1~5 above. Trump likely knows that any shakeup in the markets is better to happen at ATHs than 10% lower, so he'll float those test balloons now and see what's what. If tech doesn't come through between now and August 7th (or whenever AMZN reports), then things could get REALLY shaky.

1

Jul 16, 2025 11:55am

Quoting giveachance

Disliked

i feel really bad for powell. he is doing well for the american economy but this butcher president will kill US consumer one day

Ignored

I feel the same about Powell. When his term is up, what a breath of relief it will be for him.

1

Jul 16, 2025 11:49am

i feel really bad for powell. he is doing well for the american economy but this butcher president will kill US consumer one day

1

Trader#DBB7

Jul 16, 2025 10:33am

insane Volitilty in USD PAIRS

2

Jul 16, 2025 10:57am

Quoting Khulna-bokul

Disliked

Legally the president cannot fire the fed chair so drafting a letter is useless. So, Market will go back again.

Ignored

He can bend the law as long he is supported by his MAGA culters

Jul 16, 2025 11:11am

Quoting Trader#4A4B

Disliked

OK boys and girls if you missed the last dip this is your chance, wait for the pullback to end and watch the rebound make some new highs. Legally the president cannot fire the fed chair so drafting a letter is useless, he might as well make it a paper airplane for all the good it will do. Only Congress can change the law so for this to actually happen it would have to happen like this Bill IntroductionProposed by a member of Congress (House or Senate). Example: A tax reform bill could start in the House Ways & Means Committee. Committee Review...

Ignored

That maybe so IF everyone plays nicely by the rules and just as importantly democratic people don't acquiesce their power to the bullies and henchmen.
This administration doesn't seem to want to follow rules or the Constitution. It pushes at the boundaries and acts on the basis of doing stuff whatever the consequences.
This is how autocracies start.

Jul 16, 2025 10:58am

Quoting Trader#2BE0

Disliked

Trump is playing with market, he will not fire powell, wake up american people, you mudt judge trump on courts

Ignored

The news came out today from the media not from trump

Jul 16, 2025 10:39am

So we get the same news 3 times and every time market reacts? Any1 can explain why? I'am waiting for 4th tweet about this just to see what happens.

1

Jul 16, 2025 10:52am

Best news ever. Let's get things rolling guys. In the long run this is good. See you at the rate cut event if Powell gets out.

1

Jul 16, 2025 10:41am

Fucking trump shenanigans. Normal trading is impossible.

1

Trader#4A4B

Jul 16, 2025 10:47am

OK boys and girls if you missed the last dip this is your chance, wait for the pullback to end and watch the rebound make some new highs. Legally the president cannot fire the fed chair so drafting a letter is useless, he might as well make it a paper airplane for all the good it will do. Only Congress can change the law so for this to actually happen it would have to happen like this Bill IntroductionProposed by a member of Congress (House or Senate).
Example: A tax reform bill could start in the House Ways & Means Committee.
Committee Review
The bill is studied, debated, and amended in relevant committees.
Floor Vote
If approved in committee, the full House and Senate must pass the same version of the bill.
Presidential Action
If both chambers agree, the bill goes to the President, who can:
Sign it into law
Veto it (but Congress can override with a 2/3 majority vote)
Do nothing (after 10 days, it becomes law automatically unless Congress adjourns—a "pocket veto").
Judicial Review (Optional)
The Supreme Court can strike down laws if they violate the Constitution.

Short version, nothings happening

1

Jul 16, 2025 10:34am

Putin 2.0

Jul 16, 2025 10:55am

High time pres Trump.

Jul 16, 2025 10:56am

They could have been very good friends

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Jul 16, 2025 11:05am

S&P 500 rebounds as Trump denies he is close to firing Fed Chair Powell

OK. Back to "normal" again

Jul 16, 2025 11:33am

Was that only to make DXY kiss Hell?

Jul 16, 2025 10:36am

Gold is going to go through the roof on any firing. Generational play here! Powell's successor is going to create a massive inflation bubble.

Jul 16, 2025 11:04am

Quoting Trader#0DF8

Disliked

GBPUSD trade ruined Lucky for SL

Ignored

That's not "lucky" but an essential methodology.

Jul 16, 2025 10:36am

Oh look a 3rd story shown here on FF about this speculation

Jul 16, 2025 10:46am

Quoting Trader#2CF9

Disliked

i got in on the trade, up 30k on a 5k account

Ignored

That was one incredibly lucky trade congrats

Jul 16, 2025 10:54am

Now this guy is saying that he wont be firing cause it would be "bad" for markets and hopes that he just resigns this guy is doing ts for fun dawg 😭

Jul 16, 2025 11:09am

Quoting Dutchy Daxy

Disliked

S&P 500 rebounds as Trump denies he is close to firing Fed Chair Powell OK. Back to "normal" again

Ignored

Had to test the waters and see the markets reaction.

Jul 16, 2025 10:56am

both sides lost within 2 hours

Jul 16, 2025 11:19am

this guy just can't help himself

Jul 16, 2025 10:56am

Legally the president cannot fire the fed chair so drafting a letter is useless. So, Market will go back again.

Jul 16, 2025 11:01am

this is trading game by trump trader.

Jul 16, 2025 10:49am

He's a coc*. TACO coc*

Jul 16, 2025 10:32am

Mother of yours, I love Trump.

1

Trader#42CB

Jul 16, 2025 10:34am

Why this much volatility 😵💫

1

Jul 16, 2025 10:35am

Do it. I dare you.

I double dog dare you!!!

Would be better to abolish the Fed completely. Maybe this blow up and resulting chaos will show people in time we would be better off with NO Fed at all.

Trader#12EE

Jul 16, 2025 10:36am

well it was about time for dollar to resume its fall. correction is over. why would dollar be strong with global tariffs? no country would favor the dollar when trade with US is so difficult.

1

Jul 16, 2025 10:41am

Ki** This motherfu*cker Ruining forex market.

1

Jul 16, 2025 10:41am

fuck u trump

1

Trader#2CF9

Jul 16, 2025 10:44am

i got in on the trade, up 30k on a 5k account

1

Jul 16, 2025 10:39am

ye we need a second ass*ssi*ati*n attempt . this guy will not stfu

Jul 16, 2025 10:33am

4000 here we come

Jul 16, 2025 10:31am

wow

Jul 16, 2025 10:33am

nothing will happen just a new to give more money to his friends while looting others as well

Trader#2535

Jul 16, 2025 10:33am

Madarchod trump

1

Jul 16, 2025 10:34am

Oh my world 🌍

Jul 16, 2025 10:35am

lmao so down today co of this guy

Jul 16, 2025 10:35am

justly

Jul 16, 2025 10:35am

🥀

Jul 16, 2025 10:36am

gold was on such a nice way down... was..

Jul 16, 2025 10:37am

trump on fire

Jul 16, 2025 10:37am

wondering how many golf-bros of trump were on the short side.. just asking for a friend

Jul 16, 2025 10:37am

very good

Jul 16, 2025 10:38am

what happen guyz?

Jul 16, 2025 10:39am

No way

Jul 16, 2025 10:40am

The trump theather continues, happy european on the sidelines btw haha

Jul 16, 2025 10:40am

nahh trump had already ruined his own country

Jul 16, 2025 10:41am

DXY right now 🩸🩸🩸💉

Jul 16, 2025 10:41am

go with trump

Jul 16, 2025 10:42am

Useless trump

Jul 16, 2025 10:43am

trump is destroy market, very volatile

Jul 16, 2025 10:43am

look at all the confused CNN watching Peter Pan boys in the comments upset because they can only do single variable analysis. Smarten up boys

Jul 16, 2025 10:44am

Wow no wonder the market shakes

Jul 16, 2025 10:44am

account blown

Jul 16, 2025 10:44am

Don't trade right now otherwise you will get out from the market

Jul 16, 2025 10:46am

Lmao I'm quitting USD pairs now

Jul 16, 2025 10:46am

i hate trading news lol

Jul 16, 2025 10:47am

Naturally we've to wait for strong retest before thinking of selling again who enter buy or sell at its own risk

Jul 16, 2025 10:48am

You all are fooled...hahaha...the most gold in the world is owned by the USA hahahaha

Jul 16, 2025 10:48am

Lets go!

Jul 16, 2025 10:48am

Uoooo

Jul 16, 2025 10:49am

what should we do now? Trade ot quit trading???

Jul 16, 2025 10:49am

hello

Trader#852A

Jul 16, 2025 10:50am

fuck you trump you blow my account soo sad indeed

1

Jul 16, 2025 10:50am

LG CAN U SEE ME

Jul 16, 2025 10:50am

gap fills right now

Trader#A586

Jul 16, 2025 10:50am

Bruhhhhhh from profit to SL under 2 minutes

1

Jul 16, 2025 10:52am

Trump Aje, you are a fool, an idiot, an animal😭😭😭

Jul 16, 2025 10:52am

guys maybe get off of here and actually go learn to make some money lol

Jul 16, 2025 10:54am

What fortitude Jerome Powell must have to endure this constant haranguing.
And, as if the entire FOMC would line up and vote along side whatever lackey will be installed.

Trader#0A9C

Jul 16, 2025 10:54am

Sudden changes like this has more momentum on commodities and other usd dominant pairs in the market. A plot twist that has both good and bad side towards us investors and traders. Such events are unknown to us with no indicative stance we can rely on to position ourselves and our appetite to take advantage of the event on the market...so far all is good🤝🏽

Jul 16, 2025 10:55am

Fuc.. off system print $

Jul 16, 2025 10:55am

Buy or sell gold
Pls advise freinds

Jul 16, 2025 10:56am

Only trump is making profit as all information is with him and he just turning market for his own profit from last three four months. Investigate it.

Jul 16, 2025 10:58am

wtf

Jul 16, 2025 10:58am

no

Jul 16, 2025 11:01am

Are we back h time (1933)? no more consensual decisions.!

Jul 16, 2025 11:01am

Eat shit.

Jul 16, 2025 11:05am

What is your takes on EU

Jul 16, 2025 11:15am

Woah. This news cost a 1% drop on gold, imagine someone trade LONG on 100x leverage.

Jul 16, 2025 12:10pm

Jul 16, 2025 1:42pm

Since this yellow head came, we've only been eating stop!!!! Please just don't talk for a few days!!!!

Trader#F02D

Jul 16, 2025 10:31am

Bro what is this luna tick doing.

Trader#3891

Jul 16, 2025 10:31am

Trump has a personal problem with Powell🤡

Trader#C537

Jul 16, 2025 10:31am

Powell is a nice person bro dont do it

Trader#DB05

Jul 16, 2025 10:31am

What’s happening man!

Trader#D41E

Jul 16, 2025 10:32am

Fuck it

Trader#096F

Jul 16, 2025 10:32am

Ahhhh

Trader#01F0

Jul 16, 2025 10:32am

Trump just shut up

Trader#89DF

Jul 16, 2025 10:32am

Here it is !! Gold in chaos!

Trader#826C

Jul 16, 2025 10:32am

gold sell??

Trader#8A9A

Jul 16, 2025 10:32am

Trump is killing himself

Trader#38C0

Jul 16, 2025 10:32am

Holly shit ..DXY is drilling the earth right now

Trader#56EC

Jul 16, 2025 10:33am

Damn

Trader#A4AF

Jul 16, 2025 10:33am

and that's how I lost 500$

Trader#EF2A

Jul 16, 2025 10:33am

Crazy scenes

Trader#597D

Jul 16, 2025 10:33am

fuck y

Trader#7681

Jul 16, 2025 10:33am

PWELL NOOOOOOO

Trader#8BE5

Jul 16, 2025 10:34am

goon

Trader#E6F1

Jul 16, 2025 10:34am

Thanks Trump, you doubled my portfolio

Trader#999D

Jul 16, 2025 10:34am

Crazy

Trader#0595

Jul 16, 2025 10:34am

lol

Trader#2D3B

Jul 16, 2025 10:35am

News is great 😃 because trade is easy more money 💰

Trader#2B60

Jul 16, 2025 10:35am

Trump and the turbulence xd

Trader#B9AC

Jul 16, 2025 10:35am

Just destroyed all my gains nice

Trader#919A

Jul 16, 2025 10:35am

Trump teri on the

Trader#9496

Jul 16, 2025 10:35am

to the moon

Trader#D0EB

Jul 16, 2025 10:35am

Smooth running trade just hit sl. Love to see it. Fck trump

Trader#3891

Jul 16, 2025 10:35am

Quoting OnlineAddict

Disliked

Putin 2.0

Ignored

no bro erdogan 2.0

Trader#D941

Jul 16, 2025 10:35am

my stop loss hit

Trader#B02D

Jul 16, 2025 10:35am

every day

Trader#8A7F

Jul 16, 2025 10:37am

Thank you for the sl Mr president🥲

Trader#DCE3

Jul 16, 2025 10:37am

Trump whyyyyy

Trader#25FD

Jul 16, 2025 10:37am

fxxk you making chaos on market

Trader#4D56

Jul 16, 2025 10:37am

Usd pairs are bleeding

Trader#E505

Jul 16, 2025 10:37am

This guy new drained me today

Trader#0DF8

Jul 16, 2025 10:38am

GBPUSD trade ruined
Lucky for SL

Trader#7768

Jul 16, 2025 10:38am

loll

Trader#5060

Jul 16, 2025 10:38am

Gold rocket

Trader#8E74

Jul 16, 2025 10:39am

thanks for the mega profit today mr trump, you made my day

Trader#A54C

Jul 16, 2025 10:39am

Is drum not trump he's fully memory lost he's full crazy 🙂↕️

Trader#5C3E

Jul 16, 2025 10:39am

Ehh with Trump

Trader#DA2F

Jul 16, 2025 10:39am

It would be better for the US SENATE to consider removing Trump as US President.

Trader#39CC

Jul 16, 2025 10:39am

WTF Mr trump

Trader#72FD

Jul 16, 2025 10:39am

Took me out before these Gold 🤦🏽♂️

Trader#505E

Jul 16, 2025 10:39am

Blowing accounts with a fucking post. Trumps the biggest twinky bitch to have ever lived.

Trader#749D

Jul 16, 2025 10:39am

Trader#28E1

Jul 16, 2025 10:40am

Come on sent the letter already

Trader#EBAF

Jul 16, 2025 10:40am

israel attacked syria also

Trader#E620

Jul 16, 2025 10:40am

because its trump playground

Trader#76E6

Jul 16, 2025 10:41am

🔥 Soo good

Trader#975B

Jul 16, 2025 10:41am

Puck is there.

Trader#E5DC

Jul 16, 2025 10:41am

What about gold move

Trader#D6EB

Jul 16, 2025 10:42am

this guy have no brain

Trader#69DA

Jul 16, 2025 10:42am

anyone else in gold longs

Trader#1BBA

Jul 16, 2025 10:42am

can we sell from here in gold?

Trader#780A

Jul 16, 2025 10:42am

And just like that bright red screens

Trader#DC2B

Jul 16, 2025 10:43am

Goo Trump

Trader#A923

Jul 16, 2025 10:43am

Who can muzzle Trump tonight?

Trader#28D3

Jul 16, 2025 10:43am

fucking trump ruined te markets it aint his money

Trader#AD06

Jul 16, 2025 10:43am

yall dont have an edge..

Trader#2230

Jul 16, 2025 10:45am

😂🥲

Trader#ABE4

Jul 16, 2025 10:45am

trump's mother's pussy

Trader#C330

Jul 16, 2025 10:45am

😂😂😂

Trader#4F52

Jul 16, 2025 10:45am

MC Trumppppp Owwww

Trader#641C

Jul 16, 2025 10:45am

6dollars left to blow my challenge xd

Trader#8FB1

Jul 16, 2025 10:45am

what happened to markets maan its crazy moving

Trader#A116

Jul 16, 2025 10:45am

Omg

Trader#88AC

Jul 16, 2025 10:45am

every week something from him coming out, man just be quite for bloody 1 week

Trader#4FA7

Jul 16, 2025 10:46am

Trump does a world distribution

Trader#B3A6

Jul 16, 2025 10:46am

Damn, can't just trade in peace anymore 😭😭😭

Trader#3294

Jul 16, 2025 10:46am

why trump ?

Trader#7C56

Jul 16, 2025 10:46am

it's gonna back ??

Trader#6880

Jul 16, 2025 10:46am

Same here, account blown,wasn’t expecting this though

Trader#1C00

Jul 16, 2025 10:46am

sell gold, the upper movement is over

Trader#0EF6

Jul 16, 2025 10:46am

lol trump fucked yaw accounts up I see Lmaooo

Trader#0C03

Jul 16, 2025 10:46am

i now see who is in control

Trader#B9AC

Jul 16, 2025 10:46am

200% up just got demolished all SL hit

Trader#9E2B

Jul 16, 2025 10:47am

the market is crazy man

Trader#0670

Jul 16, 2025 10:47am

trump and a hole

Trader#B6B8

Jul 16, 2025 10:47am

lg wya

Trader#A256

Jul 16, 2025 10:47am

Trump really hunting for stop losses

Trader#07BC

Jul 16, 2025 10:47am

asshole

Trader#F1D4

Jul 16, 2025 10:47am

Fuck Trump

Trader#AD06

Jul 16, 2025 10:47am

how old are ya all

Trader#E1EE

Jul 16, 2025 10:47am

Madarchod trump

Trader#2525

Jul 16, 2025 10:48am

God I blow my account there is now news by 4 what dey hell happened I lost my account now Jesus Christ

Trader#76B5

Jul 16, 2025 10:48am

f##k trump

Trader#DEDE

Jul 16, 2025 10:48am

What just happened to the market😂

Trader#3355

Jul 16, 2025 10:48am

Where is gold 😂

Trader#25AD

Jul 16, 2025 10:48am

I passed funded off of power getting fired thanks trump <3

Trader#E4E8

Jul 16, 2025 10:49am

I just bought. Just placed a limit buy order at 3319.7, when it opened it was at 3371, can't believe it.

Trader#6444

Jul 16, 2025 10:49am

usd down lol

Trader#E653

Jul 16, 2025 10:49am

Nowonder the crazy movement of gold...

Trader#5481

Jul 16, 2025 10:49am

haha , 2 type of traders rn , those who blown account and those like me who luckily got full targeted positions

Trader#8E7F

Jul 16, 2025 10:50am

Fire Powell

Trader#C541

Jul 16, 2025 10:50am

Thanks Trump for grtting me a low entry into UJ. Now to the moon.

Trader#2BE0

Jul 16, 2025 10:50am

Trump is playing with market, he will not fire powell, wake up american people, you mudt judge trump on courts

Trader#715A

Jul 16, 2025 10:51am

shut up

Trader#BAED

Jul 16, 2025 10:51am

some huge drop happened

Trader#7E20

Jul 16, 2025 10:51am

Actually it's trump who should be fired

Trader#11D3

Jul 16, 2025 10:51am

Who else blew their Account on gold today😂😂😭

Trader#CA1C

Jul 16, 2025 10:51am

Hey president um, I’m kinda homeless now hopefully you could help me out?? Please

Trader#A7C8

Jul 16, 2025 10:51am

Gold to the moon 🔥

Trader#26D8

Jul 16, 2025 10:51am

Is it time to hit that buy button?

Trader#FA60

Jul 16, 2025 10:52am

Took 3 positions AUDCHF, Nasdaq and GJ before the news...... exited GJ at be cuz I didn't want to be in 3. Positions.....audchf and Nas got stopped out and GJ went to full to

Trader#5E1C

Jul 16, 2025 10:52am

Quoting Trader#3355

Disliked

Where is gold

Ignored

TO THE MOON

Trader#81FF

Jul 16, 2025 10:52am

Powell was right

Trader#7348

Jul 16, 2025 10:52am

I got stopped out😭

Trader#8CC3

Jul 16, 2025 10:52am

Think now is a good time to buy gold lol

Trader#0520

Jul 16, 2025 10:53am

Only trump is making profit

Trader#F0DB

Jul 16, 2025 10:53am

Your first twit give me profit

Trader#8535

Jul 16, 2025 10:53am

Almost to tp but trump refused
Nice job 👏
Keep it up

Trader#7490

Jul 16, 2025 10:53am

Gold me my brain ðŸ¤£

Trader#BF2D

Jul 16, 2025 10:53am

so im shorting

Trader#34DA

Jul 16, 2025 10:54am

Probably a lot of insider trading lol just remember Jr history

Trader#63AA

Jul 16, 2025 10:54am

Orange chaos in the market

Trader#F97A

Jul 16, 2025 10:54am

RELEASE THE EPSTIEN FILES.. !!!!!! Then lest se who gets fired

Trader#BFD9

Jul 16, 2025 10:54am

I win is a win

Trader#9D7B

Jul 16, 2025 10:54am

fuck

Trader#40BC

Jul 16, 2025 10:54am

Too bad Powell cant fire Trump

Trader#DC02

Jul 16, 2025 10:55am

Fuck Trump 🥱

Trader#4E4C

Jul 16, 2025 10:55am

boj has to spend billions for intervention.. this just a few words.

Trader#3DDC

Jul 16, 2025 10:55am

Too bad

Trader#D43B

Jul 16, 2025 10:56am

Just blew my account lol

Trader#D012

Jul 16, 2025 10:56am

F Trump

Trader#BBED

Jul 16, 2025 10:57am

Hello

Trader#FD06

Jul 16, 2025 10:58am

Pump and dump

Trader#69BB

Jul 16, 2025 11:01am

Mom's pussy

Trader#D94C

Jul 16, 2025 11:01am

holy molly

Trader#2ADB

Jul 16, 2025 11:02am

Omo 😩😩😩😩😩

Trader#0398

Jul 16, 2025 11:02am

did he actually fire fed or did he just mention it

Trader#F3E2

Jul 16, 2025 11:02am

Hahahahahahahahah

Trader#8D12

Jul 16, 2025 11:05am

fuck trump

Trader#3CED

Jul 16, 2025 11:07am

Trump bored bro smh

Trader#F1B4

Jul 16, 2025 11:10am

Thank god full TP before this crazy move

Trader#2753

Jul 16, 2025 11:11am

lost all my money lol

Trader#A6E9

Jul 16, 2025 3:30pm

can you just let us trade bro

Trader#091D

Jul 16, 2025 10:44am

Fuck your mother trump, if I know you will be that crazy I for give your father condum

1

Trader#3590

Jul 16, 2025 10:48am

Fuck you an natNyHoo yaboo

1

Trader#345A

Jul 16, 2025 10:49am

Fck you Trump I want to put this candle in your ()

1

- Older Stories
WH Official: Trump Likely To Fire Fed Chair Powell Soon, No Exact Timeline For Decision
From @LiveSquawk|Jul 16, 2025|154 comments
WH 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.
Lawmakers say Trump indicated he will fire Fed Chair Powell: CBS
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.
India markets regulator mulls mandating asset managers to use domestic gold, silver spot prices
From msn.com|Jul 16, 2025
India's markets regulator on Wednesday proposed to mandate that asset management companies use spot prices published by domestic commodity exchanges to value gold and silver. To ...

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Trump on Powell: Not planning on doing anything; change will be in the next 8 months
From @DBNewswire|Jul 16, 2025|259 comments
*TRUMP ON POWELL: NOT PLANNING ON DOING ANYTHING: RTRS US President Trump On If He'll Fire Fed Chair Powell; Says He Has Been ‘Too Late’ - Powell Does A Terrible Job, We Fight Through It US President Trump: Powell’s Board Is Not Doing Its Job - “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” Donald Trump Expresses Worry Over Federal Reserve Chair Powell's Plans for Economic Policy Trump on Not Firing Powell: Unless there is fraud with renovation.
Trump Sparks Market Chaos: Denies CBS Reports Of Imminent Firing Of 'Knucklehead' Powell
From zerohedge.com|Jul 16, 2025|43 comments
Well 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 ...
Trump denies that he plans to fire Powell: ‘Highly unlikely’
From cnbc.com|Jul 16, 2025|15 comments
Hours 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 ...

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