The President of the USA, Donald Trump, threatened that he would fire Jerome Powell, the chairman of the Federal Reserve, if he does not leave on time.

Donald Trump threatened on Wednesday that he will fire Jerome Powell, the chairman of the Federal Reserve, if he does not leave before his successor, Kevin Warsh, is confirmed. In an interview with Fox Business, Trump stated that he avoided firing Powell out of a desire not to be controversial, but emphasized that he will act if Powell remains in office after his term expires on May 15. Although his term as chairman is nearing its end, Powell still has two years left as governor.

His dismissal is complicated by an investigation into the renovation of the Fed's headquarters, and Trump reiterated calls for lowering interest rates, expressing confidence that Warsh will be able to achieve this. Trump has also previously attempted to replace Governor Lisa Cook, but without success until now.