Trump threatens to fire Fed chair Jerome Powell if he does not step down at the end of his term – US politics live | Trump administration

Trump threatens to fire Powell if he doesn’t leave at end of his term

Donald Trump has threatened to fire Jerome Powell, the Federal Reserve chair, if he doesn’t step down at the end of his term next month.

Trump has nominated financial executive Kevin Warsh to lead the central bank. Warsh will face Senate lawmakers in a confirmation hearing next week.

In an interview with Fox News, Trump said he would remove the Powell if Warsh was ultimately not confirmed by 15 May, the end of Powell’s term. It is possible for the incumbent Federal Reserve chair to stay in the position while lawmakers confirm a permanent replacement.

Warsh’s nomination faces a hurdle, given that Senator Thom Tillis, a deciding Republican vote on the banking committee, has vowed to withhold his support for any nomination to lead the central bank as long as the Trump administration continues to investigate Powell for alleged mismanagement of the Federal Reserve renovations.

Tillis has branded the president’s efforts to punish Powell as political retribution for the Fed chair’s unwillingness to cut interest rates at Trump’s command.

On Fox News, Trump said the investiation into Powell is “more than a criminal probe”, but also about “incompetence”.

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Trump shares altered image of Jesus embracing him

On Truth Social, the president leant into controversy and shared another altered image. However, this time it was an image that depicts Jesus Christ embracing the president.

“The Radical Left Lunatics might not like this, but I think it is quite nice!!!” he wrote.

This comes after Trump received immense pushback from conservative Christian supporters and allies this week for sharing an AI-generated image of himself as a Christ-like figure. The president later deleted the post and claimed that he thought it pictured him as a doctor, healing the sick.

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