Trump Launches Federal Investigation into Fed Chair Powell Amid Firing Threats

Federal Reserve Leadership and Oversight·April 15 – April 26, 2026

10 days ago

Trump Launches Federal Investigation into Fed Chair Powell Amid Firing Threats

President Trump has started a federal investigation into Federal Reserve Chair Jerome Powell. The probe focuses on the central bank's headquarters renovation project. The President renewed threats to fire Powell if he does not leave his post by May 15. This investigation looks into testimony and cost overruns from the construction project. Trump said he will remove Powell from the Board of Governors if he stays past his term. These moves follow earlier threats to fire Powell if he remains past his May 15 term expiration while awaiting a successor. Critics argue these actions increase political pressure on independent agencies.

Opinion | Trump and His Federal Reserve VendettaTrump has taken the 'public' out of public servantPresident Trump states he will fire Federal Reserve Chair Jerome Powell

20 days ago

Trump Threatens to Fire Fed Chair Powell if He Does Not Resign by May 15

President Trump announced he will fire Federal Reserve Chair Jerome Powell if Powell does not leave his post voluntarily when his term ends on May 15. Trump stated that Powell must vacate his position on the board of governors instead of staying on the board Trump threatens to fire Powell. The President also confirmed that a Department of Justice criminal investigation into the renovation of the Federal Reserve headquarters will continue Trump confirms criminal probe. These threats escalate the ongoing tension between the White House and the Federal Reserve leadership. Trump has repeatedly pressured Powell to step down to make way for new leadership Trump vows to fire Powell. While Powell's term as chair expires next month, the President warned he will take action if the chair remains in his role at the central bank Trump escalates threats.

Trump threatens to fire Powell if he stays on Fed boardTrump Says He'll Fire Powell If Fed Chair Doesn't Leave, Won't Call Off Criminal ProbeTrump vows to fire Powell from the Fed if he stays on past end of his chairman's term