President Donald Trump stated on July 16, 2025, that it is "highly unlikely" he will fire Federal Reserve Chair Jerome Powell. This public declaration came less than 24 hours after Trump privately suggested he was leaning toward dismissing Powell. The announcement followed reports that Trump had polled lawmakers about the possibility of firing the Fed chair. Despite earlier indications of considering Powell's removal, Trump emphasized that he would not rule out any options but currently sees the firing as improbable.