<ul><li>President Trump expressed urgency in terminating Federal Reserve Chair Jerome Powell, criticizing the delay in interest rate cuts.</li><li>Powell's term as chair lasts until May 2026, and as a governor until February 2028.</li><li>Trump's comments on Powell's termination raised concerns about the central bank's independence from the White House.</li><li>There is ambiguity whether Trump referred to the scheduled end of Powell's term or sought immediate removal.</li><li>Powell emphasized the Fed's independence and the need for clarity in monetary policy decisions.</li><li>Treasury Secretary indicated a timeline of roughly six months for considering Powell's successor.</li><li>Trump's criticism on Powell's decision-making echoed sentiments from his first term, raising debates on Fed independence.</li><li>Trump's focus on tariffs, oil prices, and inflation challenges highlighted potential economic impacts.</li><li>Powell reiterated the importance of anchoring longer-term inflation expectations amid tariff concerns.</li><li>US stocks reacted to Powell's remarks, with futures showing mixed trends following the comments.</li></ul>

Trump Says Fed Chair Jerome Powell’s Termination Can’t Happen Fast Enough

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