Overview

• Trump shared an image portraying him firing Jerome Powell, a move that escalates his public campaign for faster interest‑rate cuts.
• CNBC reported the image appears AI‑generated or digitally illustrated, and the White House did not provide immediate comment.
• A recent Supreme Court decision indicates presidents cannot remove Fed officials at will, and Powell has said his firing is not permitted under the law.
• Futures and Treasury yields saw brief, modest moves after the post, though overall market reaction was described as limited by some outlets.
• The clash follows the Fed’s first rate cut of the year and Powell’s reaffirmation of central‑bank independence, as the administration presses separate challenges including an attempted removal of Governor Lisa Cook now before the Supreme Court.