Still, that hasn’t stopped Trump from trying to fire the Fed chair. “I don’t think he’s doing the job,” the President said Thursday, claiming that Powell cut interest rates “too late.” Powell was first nominated to lead the Fed by Trump in 2017 and renominated by President Joe Biden in 2022. His current term as chair extends until May 2026.

Trump has reportedly eyed firing Powell for months and said Thursday, "if I want him out, he’ll be out of there real fast, believe me.