President Trump posts cartoon image depicting him firing Fed Chief Powell

## Trump’s Latest Jab at the Fed: “You’re Fired!”

Former President Donald Trump has once again taken aim at Federal Reserve Chairman Jerome Powell, this time with a cartoon image posted on Truth Social depicting Powell being fired. Here’s a breakdown of the situation:

• The Image: Trump posted an AI-generated or digitally illustrated image of himself firing Powell, who is shown holding a box of belongings.
• The Criticism: Trump has consistently criticized Powell for his approach to interest rates, calling him “Too Late Powell.”
• The Threat: This latest post comes despite the Fed having lowered rates earlier this month.
• The Legality: Firing Powell would be unprecedented and likely illegal. A Supreme Court decision suggests the president doesn’t have the authority to remove Fed officials at will. Powell himself has stated his firing is “not permitted under the law.”
• Past Attempts: Trump previously attempted to remove Fed Governor Lisa Cook, and the Supreme Court is currently considering the case.
• Market Reaction: So far, financial markets haven’t reacted strongly to Trump’s threats. However, economists warn that firing Powell could destabilize markets.

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