Amid a fresh set of attacks on Fed Chair Jerome Powell came reports that President Donald Trump might fire the central banker. Increasingly, Trump is frustrated with Powell for not lowering interest rates already. Consumers hoping for lower rates as well may be better off if the Fed sticks to its current plan, experts say.

President Trump said he’s not planning to fire Jerome Powell, and still managed to make it sound like a threat.

By Brijesh Patel (Reuters) -Gold prices dipped on Thursday, pressured by a firmer dollar and easing market tensions after U.S. President Donald Trump said it was "highly unlikely" he would dismiss Federal Reserve Chair Jerome Powell.

Trump denies plans to fire Fed Chair Jerome Powell, despite past tensions and market uncertainty over monetary policy

The U.S. dollar experienced fluctuations amid ongoing debates over tariffs' impact on inflation and the Federal Reserve's rate cut expectations. President Trump pressures Jerome Powell, affecting market sentiment.

US Stock market today shows muted moves as Dow, S&P 500, and Nasdaq futures trade flat while Wall Street reacts to political tension between President Trump and Fed Chair Jerome Powell. Investors are also watching June retail sales data and Netflix earnings,

Major construction work continues at the U.S. Federal Reserve building as U.S. President Donald Trump voices complaints about Fed Chair Jerome Powell, in Washington, D.C., U.S., July 14, 2025. REUTERS/Jonathan Ernst/File Photo (Reuters) -The spiraling cost of the Federal Reserve's years-long renovation of two historic buildings in Washington,