On April 17, President Donald Trump was angry at Fed Chairman Jerome Powell, as Powell showed no signs of a rate cut in the near future, according to politico. Trump wrote in a Truth Social post Thursday morning that he "the sooner the moment of leaving, the better!"

But at present, Powell's position seems to be quite solid.

Trump had considered removing Powell during his first term—a practice that is legally controversial—and now attempts to do so again may exacerbate market instability. At present, the market has become turbulent due to recent tariff shocks. Two people close to the White House revealed that Treasury Secretary Scott Bessent has emphasized this point several times within the White House, and the two people requested anonymity because of the discussions involving private matters. Trump himself also knows the weight of the situation. Investors' confidence that the Fed will make decisions based on economic trends rather than short-term political pressures is the key to supporting the United States' reputation in the global financial system.

Allies inside the White House believe Trump’s post on Thursday morning is more of an attempt to disrupt Powell’s position and shape it into a scapegoat for future economic problems, rather than taking action to remove him immediately. Of course, everything cannot be said to be a fixed number in Trump. His allies also reminded that Trump may change his mind in an instant and seriously advance the idea of ​​removing Powell.

A White House spokesman said in response to the relevant questions that Trump’s post on Truth Social shall prevail. The U.S. Treasury Department did not immediately respond to a request for comment.