Exclusive: Trump says he has no plan to fire Fed’s Powell despite investigation
By Reuters
January 14, 2026 | Steve Holland and Trevor Hunnicutt | Reuters
In an exclusive interview with Reuters on Wednesday, President Trump said that despite the Department of Justice’s ongoing criminal investigation, he has no plans to fire Jerome Powell. Though Mr. Powell’s term ends in May, he is not obligated to leave the Board of Governors until 2028. Trump suggested he was inclined to nominate either former Fed Governor Kevin Warsh or National Economic Council Director Kevin Hassett to replace Powell.