New York Times
July 17, 2025
HKS Authors
See citation below for complete author information.
Frank and Denie Weil Director of the Mossavar-Rahmani Center for Business and Government
Aetna Professor of the Practice of Economic Policy
Abstract
If President Trump tries to fire the Federal Reserve chair, Jay Powell, it will not end the Federal Reserve’s independence overnight. But nor will refraining from trying to fire Powell before his term ends in May 2026 guarantee the Federal Reserve’s continued independence.
Citation
Furman, Jason. "The Safeguard and the Danger if Trump Fires Powell." New York Times. July 17, 2025.