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 reignited his feud with Federal Reserve Chairman Jerome Powell, posting a cartoon image on Truth Social depicting himself firing Powell. This latest move highlights Trump’s ongoing criticism of Powell’s monetary policy and raises questions about the potential impact on the economy and the Fed’s independence. Here’s a quick rundown:

• The Image: Trump posted an AI-generated or digitally illustrated image of himself firing Powell, who is holding a box of belongings.
• The Criticism: Trump has consistently criticized Powell for his approach to interest rates, nicknaming him “Too Late Powell.”
• The Threat: This post follows Trump’s previous attempts to influence the Fed, including an attempt to fire Fed Governor Lisa Cook.
• The Legality: Firing Powell would be unprecedented and likely illegal, as the Supreme Court has indicated 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.”
• The Market Reaction: So far, financial markets haven’t reacted strongly to Trump’s threats, but economists warn that firing Powell could destabilize the market.
• The Stakes: Trump’s actions raise concerns about the Fed’s independence and the potential for political interference in monetary policy.

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