President Donald Trump said this week Fed chair Jerome Powell’s “termination cannot come fast enough.” That’s led to a debate about whether the president has the power to remove Federal Reserve leadership.

Federal Reserve Chair Jerome Powell recently had a chance to weigh in on the matter during a speech he made at the Economic Club of Chicago on April 16. In not so many words, Powell seemed to issue a stark warning to President Trump about the potential impact of tariffs.

President Trump took aim at Jerome Powell, calling interest rates cuts and saying the Fed Chair's termination “cannot come fast enough.” It comes as his administration's tariffs continue to cause global fallout.