Staff Reports
Jerome Powell’s refusal to clarify whether he’ll step down as a Federal Reserve governor next year is shaping up to be a dangerous power play against President Trump’s agenda. Powell was Trump’s pick for Fed chair, but he’s proven to be nothing short of a disaster, dragging his feet on inflation and refusing to slash interest rates when the economy desperately needs it. Now, Powell wants to hang on—clinging to his seat and undermining Trump’s efforts to bring common sense back to America’s central bank.
A Crisis Echoes at the Fed as Powell Refuses To Say He Will Step Down Next Year https://t.co/5KAQaXvGB2 via @BreitbartNews He will be gone by then
— Richard Eggleston (@Richard31219657) August 8, 2025
This stubbornness echoes the postwar showdown between Truman and Fed Chair Marriner Eccles. Back in the late 1940s, Eccles refused to exit the Fed’s Board after Truman demoted him, pushing back hard against politicized attempts to control money and interest rates. Eccles’s fight eventually forced a much-needed victory for Fed independence. Today, Powell plays the same card—but instead of defending American interests, he’s blocking reforms that could finally loosen the Fed’s chokehold on economic growth. Trump is left cornered with a Fed board packed by Democrats and compromised Republicans who don’t answer to the people or the President.
Trump faces a ticking clock to fill open seats on the Fed’s seven-member Board of Governors. The vacancy left by Governor Adriana Kugler is the only immediate shot Trump has at installing a true ally before Powell’s term as chair expires next May. But if Powell stays put as a governor, Trump’s window tightens dramatically. That means one weak shot to chip away at the entrenched left-wing bureaucracy controlling monetary policy—and a Board stacked with five Democrat nominees who remain until 2028 or beyond. This is the bureaucratic swamp at its worst: unelected, unaccountable, and hostile to America’s economic needs.
The White House talks about temporary appointments and political compromises, but the bottom line is clear. Trump needs firm, aggressive Fed leadership ready to cut interest rates and end the strangling wage and price inflation that the Biden-Powell alliance refuses to tackle. Timid “chairs-in-waiting” who bend to political pressure or wait on Senate approval will only prolong the Fed’s disastrous policies. Trump’s frustration rings true—the Fed can no longer be the globalist tool it’s become, bleeding the American middle class dry while kowtowing to Wall Street insiders and liberal ideologues.
Powell’s game isn’t just about holding onto power; it’s about blocking a reckoning Trump has promised for years. If the Fed’s slow-motion rebellion succeeds, the American people lose—again. It’s time for Trump to stop playing nice with a broken system. Either Powell gets out of the way, or Trump must find bold allies willing to take the Fed back from these bureaucrats who serve everyone but the American taxpayer. The question is simple: will Trump have the courage to clean house, or will the Fed’s swamp drain the country dry while we watch?
