The political drama surrounding Federal Reserve Chair Jerome Powell is reaching a boiling point—and if Florida congresswoman Anna Paulina Luna is to be believed, Powell’s days in the top job might be numbered.
Luna, a vocal MAGA supporter, didn’t hold back this week as she echoed Donald Trump’s growing frustrations with Powell’s leadership and spending decisions.
“I’m 99% Sure Firing is Coming,” Luna Warns
On Tuesday, Luna made waves on X (formerly Twitter) by bluntly suggesting that Powell’s firing was practically inevitable.
She doubled down, claiming she had heard from a “very serious source” that Powell was about to be removed from his post.
Her bold statements come amid escalating scrutiny over a jaw-dropping $2.5 billion renovation project at the Federal Reserve’s Washington, D.C. headquarters.
Trump Blasts Powell in Pennsylvania
Trump himself weighed in on Powell’s future during a campaign stop in Pittsburgh.
When asked directly whether he planned to fire Powell, Trump didn’t hold back.
“I think he’s terrible. I think he’s a total stiff,” he said, before sarcastically questioning whether Powell really needed a “palace” for an office.
When pressed about the multi-billion-dollar renovation and whether that was enough to justify firing him, Trump replied, “I think it sort of is.”
A Rocky History Between Trump and Powell
This isn’t the first time Trump has taken aim at Powell.
The tension dates back to Trump’s presidency, when he regularly criticized Powell’s decisions on interest rates.
More recently, he’s been accusing the Fed chair of keeping rates too high, hurting the economy, and falling behind other global central banks.
Just last week, Trump slammed Powell again, saying, “He’s doing a terrible job,” and called for interest rates to be slashed by three points.
In Trump’s view, Powell’s approach has been too slow and too costly.
Sharpie Notes and Central Bank Charts
At the end of June, Trump turned up the theatrics with a handwritten message—written in bold, all-caps Sharpie—that he shared online.
He posted a chart comparing interest rates from countries like Botswana, Bulgaria, and Albania to criticize the U.S. for lagging behind.
In the note, Trump accused Powell of costing the U.S. “hundreds of billions of dollars,” insisting there’s no inflation and demanding immediate action.
He signed off by calling Powell “too late,” a nickname he’s used more than once.
“We’re Hot Now,” Trump Claims in Mixed Messages
Despite his harsh tone toward Powell, Trump did try to paint a brighter picture of the U.S. economy during his rally in Pennsylvania.
He said the country has gone from being “dead” and “a laughing stock” a year ago to now being “the hottest country anywhere in the world.”
Still, that message came wrapped in contradiction.
Just weeks ago, Trump was pressuring Powell to cut interest rates—and even hinted that he’s already considering potential replacements for the Fed chair, whom he’s mocked in the past as “stupid.”
Can Powell Actually Be Fired?
Despite all the political noise, firing a Fed chair isn’t that simple.
Legally, Powell can’t be removed unless there’s just cause.
His current term runs until May 2026, meaning any serious move to oust him would face legal and institutional hurdles.
But with Trump making it a campaign issue and allies like Luna turning up the volume, Powell is clearly in the political crosshairs once again.