In a stunning escalation of his ongoing feud with the Federal Reserve, President Donald Trump has openly criticized Fed Chair Jerome Powell, hinting at the possibility of firing him if alleged fraud is proven. This shocking revelation came during an Oval Office appearance alongside Bahrain’s crown prince, where Trump expressed his dissatisfaction with Powell’s decision to keep interest rates unchanged.

Trump’s frustration has reached a boiling point, as he lambasted Powell as a “terrible” Fed chair, questioning the wisdom of his appointment and the subsequent extension by President Biden. The president accused Powell of mismanaging the Fed’s renovation project, which has ballooned to a staggering $900 million cost overrun, casting a shadow over the institution’s accountability.

Despite Trump’s fiery rhetoric, the White House has yet to provide any evidence to support claims of fraud against Powell. Notably, Powell, who was nominated by Trump in 2017, has consistently defended his position, asserting that his role is crucial for maintaining stability in the U.S. economy. He has made it clear that he will not resign, even under pressure from the White House, citing legal protections that safeguard the independence of the Federal Reserve.

As tensions mount, the implications of Trump’s threats could reverberate through financial markets already on edge. With Powell’s term extending to May 2026, the battle between the president and the Fed chair raises critical questions about the future direction of U.S. monetary policy. The stakes have never been higher as Trump’s war of words continues, leaving investors and analysts anxiously watching for the next move.