After Federal Reserve Chair Jerome Powell acknowledged on Wednesday that there might be an economic downturn due to Trump’s tariffs, the president posted on social media suggesting the chair should be fired — but does he have the authority to do that? NBC’s Brian Cheung joins TODAY with analysis. April 17, 2025.
Politics
Trump says Jerome Powell’s termination ‘cannot come fast enough’

After Federal Reserve Chair Jerome Powell acknowledged on Wednesday that there might be an economic downturn due to Trump’s tariffs, the president posted on social media suggesting the chair should be fired — but does he have the authority to do that? NBC’s Brian Cheung joins TODAY with analysis.