American Policy Pulse

Fed Independence and Succession Battles

Fed Independence and Succession Battles

Key Questions

Has Trump threatened to fire Fed Chair Jerome Powell?

Trump has threatened to fire Powell if he does not step down at the end of his term, amid May 2026 tensions.

What controversies surround Fed nominee Kevin Warsh?

Warsh's testimony reveals Epstein ties, hidden finances, and an election denier label, alongside FOMC dissents and DOJ probe.

What is the market reaction to Fed independence battles?

Markets remain steady with rates post-100 days volatility, as SCOTUS doubts presidential removal powers and economic pivots continue.

Trump threatens fire Powell (May '26) SCOTUS doubts fire Gov Lisa Cook fraud denied; Warsh nominee testimony reveals Epstein ties/hidden finances/election denier label FOMC dissents/DOJ probe; prez removal powers/econ pivot markets steady rates post-100 days volatility.

Sources (2)
Updated Apr 22, 2026