It hasn't been an easy start to 2025 for Jerome Powell. Unfortunately for the Fed chair, the second half of the year is likely to be even tougher.

Federal Reserve Chair Jerome Powell said on Tuesday he would not rule out a potential interest rate cut as soon as this month. The remarks come amid a public pressure campaign from President Donald Trump, who has repeatedly urged Powell to slash interest rates.

“The board just sits there and watches, so they are equally to blame,” Trump said. The attack on the board ratchets up pressure on individual Fed officials, such as Governor Chris Waller, who have been mentioned as potential successors to Powell, whose term ends in May 2026.

The investigation into cost overruns on a renovation of Fed headquarters is drawing concern that it’s a pretext to eventually fire the central bank chief.

Office of Management and Budget Director Russell Vought accused Federal Reserve Chair Jerome Powell on Thursday of an “ostentatious” overhaul of the independent agency’s fiscal headquarters amid an increasingly aggressive campaign by President Trump to get Powell to step down from the job.

NPR speaks with David Wessel, director of the Hutchins Center on Fiscal and Monetary Policy at the Brookings Institution, about Trump's attacks on the Fed chair for not moving to cut interest rates.

During his remarks at the ECB forum on central banking, Powell is expected to offer insights into future monetary policy.

Republican calls for Federal Reserve Chair Jerome Powell to resign have grown louder in recent weeks, but Louisiana Sen. John Kennedy says politicians need to back off.

Trump scrawled the note to “Jerome” as he piles pressure on the powerful central banker to dramatically cut rates or step down before his term is up next May.