US Lawmaker Claims Jerome Powell Will Be Sacked: The Search for a New Fed Chair Is On

A US lawmaker confirmed the imminent removal of Jerome Powell as the Fed’s chair. Scott Bessent says the search for Powell’s replacement has officially begun. The Trump administration always had its reservations about Powell’s Fed leadership. Speculation about the removal of Federal Reserve Chair Jerome Powell surged after a US lawmaker representing Florida confirmed that his removal was imminent. Representative Anna Paulina Luna of Florida made the statement in her latest post on the social media platform X. Her comments come as heated discussions are happening within the Donald Trump administration about a leadership change at one of the world’s most powerful central banks. Jerome Powell is going to be fired. Firing is imminent. — Rep. Anna Paulina Luna (@RepLuna) July 16, 2025 The Search for a New Fed Chair Is On Adding to the pressure, U.S. Treasury Secretary Scott Bessent noted that the search for Powell’s replacement has officially begun. According to Bessent, a formal process is already underway, and there are several candidates both inside and outside the Federal Reserve for the job, even though Powell’s current term does not expi… The post US Lawmaker Claims Jerome Powell Will Be Sacked: The Search for a New Fed Chair Is On appeared first on Coin Edition .

Source: Coin Edition