Congresswoman Luna’s Bold Claim

In a surprising development, Congresswoman Anna Paulina Luna has asserted that Federal Reserve Chair Jerome Powell is on the verge of being dismissed. This claim comes amid mounting pressure from the Trump administration, which has been critical of Powell’s leadership. Luna’s statement has intensified speculation about the future of the Federal Reserve’s leadership, raising questions about who might succeed Powell if he is indeed removed from his position.

Treasury Secretary Confirms Search for Successor

Adding to the intrigue, Treasury Secretary Bessent has confirmed that the search for a potential replacement for Powell is already underway. Bessent suggested that Powell should consider stepping down entirely after his current term ends. This confirmation indicates that discussions about a leadership change at the Federal Reserve are not just speculative but are actively being pursued by the administration.

JPMorgan CEO Advocates for Fed Independence

Amidst these developments, JPMorgan Chase CEO Jamie Dimon has emphasized the importance of maintaining the Federal Reserve’s independence. Dimon’s comments highlight concerns within the financial sector about political interference in central banking operations. The independence of the Federal Reserve is seen as crucial for maintaining stability and confidence in U.S. monetary policy.

White House Criticism and Renovation Concerns

The White House has been openly critical of Powell’s performance, citing dissatisfaction with his handling of economic policies. Additionally, there have been criticisms regarding a renovation project under Powell’s tenure, which some view as mismanaged. These criticisms have fueled further debate over whether a change in leadership is necessary to steer the Federal Reserve in a new direction.