Trump ‘certainly’ can fire Fed chair Powell ‘if there’s cause’: Hassett

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B.C. BegleyPublished at:
7/14/2025Description:
National Economic Council Director Kevin Hassett said Sunday that the Trump administration is reviewing whether it has the authority to fire Federal Reserve Chair Jerome Powell before his term ends next spring. While Trump has said he doesn’t want to remove Powell, Hassett’s remarks suggest the White House is exploring the option, citing questions about the Fed’s $2.5 billion headquarters renovation. Budget Director Russell Vought has accused Powell of mismanagement and demanded answers, hinting at a possible justification for dismissal, CNBC has reported. Meanwhile, names floated as potential replacements include Hassett himself and former Fed Governor Kevin Warsh. read more: 👍 Like this video if you think the independence of the Federal Reserve is critical to economic stability. 💬 Comment below—Should the White House have the power to remove the Fed chair over budget disputes? 🔗 Share this video to inform others about the tensions between the Trump administration and the Federal Reserve leadership. 💰 Want to support the channel? You can donate directly by hitting the YouTube Thanks button. Your support helps us keep covering important economic and political news. 👉 Don’t forget to subscribe for more updates on US economic policy, Federal Reserve decisions, and Washington power struggles. Thanks for watching and supporting the channel. Links for B.C. Visit My Website Follow Me On Facebook Subscribe To My Patreon Watch Me On YouTube Follow Me On Twitter Watch Me On Rumble Follow Me On Gab Follow Me On Truth Social Follow Me On BlueSky Watch Me On TikTok #FederalReserve #TrumpAdministration #JeromePowell
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