Uncertainty Ahead as Trump–Powell Relationship in Wall Street Spotlight

Experts question if a president can fire the Federal Reserve chair.
Uncertainty Ahead as Trump–Powell Relationship in Wall Street Spotlight
Federal Reserve chairman Jerome Powell holds a press conference in Washington on Sept. 18, 2024. Mandel Ngan/AFP via Getty Images
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Wall Street is keeping a close eye on the fractured relationship between Federal Reserve Chair Jerome Powell and President-elect Donald Trump ahead of the central bank chief’s term expiring in two years.

At the post-election policy meeting press conference on Nov. 7, reporters questioned Powell about his future at the central bank now that Trump has secured a second term.

Andrew Moran
Andrew Moran
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Andrew Moran has been writing about business, economics, and finance for more than a decade. He is the author of "The War on Cash."