<h2 class="topline-heading">Topline</h2><p>President Donald Trump met with congressional Republicans on Tuesday night to discuss firing Federal Reserve Chair Jerome Powell and is likely to make a decision soon, <a href="https://www.bloomberg.com/news/articles/2025-07-16/trump-likely-to-fire-powell-soon-white-house-official-says" rel="nofollow noopener noreferrer" target="_blank" class="color-link" title="https://www.bloomberg.com/news/articles/2025-07-16/trump-likely-to-fire-powell-soon-white-house-official-says" data-ga-track="ExternalLink:https://www.bloomberg.com/news/articles/2025-07-16/trump-likely-to-fire-powell-soon-white-house-official-says" aria-label="Bloomberg">Bloomberg</a> reported—a move that will likely provoke a legal battle over the independence of the central bank.</p><figure class="embed-base image-embed embed-0" role="presentation"><div class="image-embed__placeholder"><img src="https://specials-images.forbesimg.com/imageserve/6877ccc7e040f205014900ef/Semiannual-Monetary-Policy-Report/960x0.jpg?cropX1=0&amp;cropX2=962&amp;cropY1=0&amp;cropY2=541" alt="Semiannual Monetary Policy Report" width="100%" height="auto"></div><figcaption><fbs-accordion><p class="color-body light-text" role="button">The president spent months criticizing Powell for failing to cut interest rates.</p></fbs-accordion><small>CQ-Roll Call, Inc via Getty Images</small></figcaption></figure>

<div class="key-facts-element"><p><em>This is a breaking story and will be updated.</em></p></div>

The president spent months criticizing Powell for failing to cut interest rates.{ai:summary}<p>President Trump met with congressional Republicans to discuss the potential firing of Federal Reserve Chair Jerome Powell, a decision expected soon. This move could lead to a legal battle regarding the independence of the central bank, as Trump has criticized Powell for not cutting interest rates. </p><p>#politics</p>

Trump Considering Firing Jerome Powell Soon

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