- Trump threatens to fire Jerome Powell if he remains Fed Chair after term expires
- U.S. Prosecutors conduct surprise visit to Federal Reserve headquarters
- Kevin Warsh’s wealth exceeds $100 million: Could he be the richest Fed Chair in history?
- Trump threatens to oust Federal Reserve Chair if he remains in office post-term
- U.S. Federal Reserve candidate discloses personal wealth
Trump Threatens to Fire Fed Chair Jerome Powell Amid DOJ Renovation Probe
President Donald Trump has renewed threats to remove Jerome Powell from his position as Chair of the Federal Reserve if he attempts to remain in the role after his current term expires next month. The escalating tension between the executive branch and the U.S. Central bank highlights a deepening conflict over leadership and institutional independence.
During an interview with Fox Business broadcast on Wednesday, April 15, 2026, Trump responded to reports that Powell intends to stay at the Federal Reserve while the Department of Justice (DOJ) continues an investigation into a $2.5 billion renovation project at the bank’s headquarters. “Well, then I’ll have to fire him, won’t I?” Trump stated during the broadcast.
The dispute coincides with active federal scrutiny regarding the Federal Reserve’s infrastructure spending. According to informed sources, federal prosecutors conducted an unannounced visit to a construction site at the Federal Reserve headquarters on Tuesday, April 14, 2026. The visit was part of an ongoing probe into the $2.5 billion renovation project.
The site visit reportedly met with resistance. Sources indicate that two prosecutors and an investigator from the office of U.S. Attorney Janine Pirro were blocked from entering the premises by a contractor on Tuesday. The officials were subsequently directed to the Federal Reserve’s legal defense team. Due to the sensitive nature of the active investigation, the sources requested anonymity.
Despite the ongoing probe and the recent site visit, the legal standing of the investigation appears complex. In a closed session before a federal judge in March 2026, a senior official from U.S. Attorney Janine Pirro’s office admitted that no evidence of criminal activity had been uncovered to date regarding the renovation project.
As the Federal Reserve faces potential leadership turnover, attention has as well turned to prospective candidates. Reports indicate that Kevin Warsh, a potential candidate for the chairmanship, possesses a personal fortune exceeding $100 million, leading to discussions about whether he would become the wealthiest chair in the history of the Federal Reserve.
The collision of a high-stakes DOJ investigation and political pressure from the White House underscores a period of significant volatility for the central bank’s leadership as it approaches a critical transition period next month.
