Skip to main content
Tags: donald trump | newsmax | powell | fed | interest rates

Trump to Newsmax: Powell 'Most Likely' to Remain Fed Chair

By    |   Friday, 01 August 2025 08:08 PM EDT

While acknowledging that he'd like to remove him in a "heartbeat," President Donald Trump told Newsmax on Friday that Jerome Powell will "most likely" remain as chair of the Federal Reserve.

Trump said as much in an exclusive interview with "Finnerty" host Rob Finnerty, one day after excoriating Powell for being "too angry, too stupid, & too political, to have the job of Fed Chair."

Trump's social media post came after the Fed voted to keep interest rates steady; Trump continues to needle Powell to lower rates. 

"I would remove him in a heartbeat, but they say it would disturb the market, and he gets out in seven or eight months and I'll put somebody else in," Trump said of Powell, whose term ends in May 2026.  

Trump also decried the $2.5 billion renovation at the Fed headquarters that he asserts is "way over budget" by hundreds of millions of dollars.

"It's almost like he's building a palace for himself, but he's not gonna be there much longer anyway. That's the good news. He'll never get to use it," Trump said.  

Regardless, Trump said, Powell stays in place.

"Well, it's very disruptive ... so I would say most likely, yeah," he said.

GET TODAY NEWSMAX+:

NEWSMAX is the fastest-growing cable news channel in America with more than 30 million people watching!

Reuters Institute reports NEWSMAX is one of the top news brands in the U.S.

You need to watch NEWSMAX today.

Get it with great shows from Rob Schmitt, Greta Van Susteren, Greg Kelly, Carl Higbie, Rob Finnerty – and many more!

Find the NEWSMAX channel on your cable system – Go Here Now

BEST OFFER:

Sign up for NEWSMAX+ and get NEWSMAX, our streaming channel NEWSMAX2 and our military channel World at War.

Find hundreds of shows, movies and specials. Even get Jon Voight’s special series and President Trump’s comedy programs and much more!

Watch NEWSMAX+ on your smartphone or home TV app. Watch NEWSMAX anytime, anywhere!

Start your FREE trial now: NewsmaxPlus.com

Mark Swanson

Mark Swanson, a Newsmax writer and editor, has nearly three decades of experience covering news, culture and politics.

© 2025 Newsmax. All rights reserved.


Newsmax-Tv
While acknowledging that he'd like to remove him in a "heartbeat," President Donald Trump told Newsmax on Friday that Jerome Powell will "most likely" remain as chair of the Federal Reserve.
donald trump, newsmax, powell, fed, interest rates
341
2025-08-01
Friday, 01 August 2025 08:08 PM
Newsmax Media, Inc.

Sign up for Newsmax’s Daily Newsletter

Receive breaking news and original analysis - sent right to your inbox.

(Optional for Local News)
Privacy: We never share your email address.
Join the Newsmax Community
Read and Post Comments
Please review Community Guidelines before posting a comment.
 
TOP

Interest-Based Advertising | Do not sell or share my personal information

Newsmax, Moneynews, Newsmax Health, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, and Newsmax World are trademarks of Newsmax Media, Inc.

NEWSMAX.COM
America's News Page
© Newsmax Media, Inc.
All Rights Reserved
Download the Newsmax App
NEWSMAX.COM
America's News Page
© Newsmax Media, Inc.
All Rights Reserved