On Dec 29, 2025, President Donald Trump said he’s thinking about suing Jerome Powell for “gross incompetence” managing renovations at the Fed’s Washington HQ.

Trump also wants Powell to resign or be removed, though Powell’s term ends in May 2026, limiting immediate action.

He plans to announce his pick for the next Fed Chair in January 2026 — signaling possible shifts in U.S. monetary policy.

These remarks raise fresh questions about central bank independence and could impact market expectations for interest rates.

On my radar:
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