President-elect Donald Trump said he doesn’t plan to attempt to remove Federal Reserve Chair Jerome Powell, after criticizing Powell for years and suggesting in his first term he may try to fire the Fed chief—a move Powell <a href="https://www.bbc.com/news/articles/cn4v7vwgqj0o" rel="nofollow noopener noreferrer" target="_blank" class="color-link" title="https://www.bbc.com/news/articles/cn4v7vwgqj0o" data-ga-track="ExternalLink:https://www.bbc.com/news/articles/cn4v7vwgqj0o" aria-label="says is illegal">says is illegal</a>.

<div class="image-embed__placeholder"><img src="https://specials-images.forbesimg.com/imageserve/6755ca4a470f54cf4104cf55/New-York-Times-Holds-Annual-DealBook-Summit/960x0.jpg?fit=scale" alt="New York Times Holds Annual DealBook Summit" width="100%" height="auto"></div><figcaption><fbs-accordion class="expandable" current="-1"><p class="color-body light-text">Federal Reserve Chairman Jerome Powell sits silently during the New York Times annual DealBook <span class="plus" data-ga-track="caption expand">... [+]</span><span class="expanded-caption"> summit at Jazz at Lincoln Center on December 04, 2024 in New York City. (Photo by Michael M. Santiago/Getty Images)</span></p></fbs-accordion><small>Getty Images</small></figcaption>

 <div class="key-facts-element"> <p>Trump said, “no, I don’t think so, I don’t see it,” when asked by NBC in <a href="https://www.nbcnews.com/politics/donald-trump/trump-details-sweeping-changes-ll-carry-day-one-exclusive-interview-rcna182858" rel="nofollow noopener noreferrer" target="_blank" class="color-link" title="https://www.nbcnews.com/politics/donald-trump/trump-details-sweeping-changes-ll-carry-day-one-exclusive-interview-rcna182858" data-ga-track="ExternalLink:https://www.nbcnews.com/politics/donald-trump/trump-details-sweeping-changes-ll-carry-day-one-exclusive-interview-rcna182858" aria-label="an interview aired Sunday">an interview aired Sunday</a> if he would attempt to remove Powell.</p>  </div>


<em>This is a developing story and will be updated.</em>

Legal experts have questioned whether Trump has the authority to fire Powell. {ai:summary}<p>President-elect Donald Trump stated he does not plan to remove Federal Reserve Chair Jerome Powell, despite previous criticisms and suggestions of firing him during his first term. Trump responded negatively when asked about the possibility in a recent NBC interview.</p><p>This marks a shift in Trump's stance, as Powell has previously indicated that such an action would be illegal. #politics</p>

Trump Says He Won’t Fire Fed Chair Jerome Powell Despite Past Criticism

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