National Economic Council Director Kevin Hassett said the White House is looking into whether it has the authority to fire Federal Reserve Chair Jerome Powell. President Donald Trump has said that he does not want to fire Powell, but Hassett’s comments suggest that top administration officials are still considering the possibility. The Trump administration has zeroed in on the Fed’s $2.5 billion renovation project as a possible “cause” for removing Powell. National Economic Council Director Kevin Hassett speaks to reporters at the White House in Washington, D.C., U.S., April 14, 2025. Kevin Lamarque | Reuters
National Economic Council Director Kevin Hassett said Sunday that whether the Trump administration has the authority to fire Federal Reserve Chair Jerome Powell is “being looked into.”
“But certainly, if there’s cause, he does,” Hassett said on ABC News’ “This Week” of Trump’s authority to remove Powell before his term is up next spring.
President Donald Trump has said that he does not want to fire Powell, but Hassett’s comments suggest the White House is still considering — and potentially moving