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Trump Economic Advisor Says 'It's Time' for Powell to Leave Fed, Calls Extended Tenure 'Unprecedented'

National Economic Council Director Kevin Hassett said that it is time for former Federal Reserve Chair Jerome Powell to leave the Federal Reserve Board on “Sunday Morning Futures,” arguing that doing so would help preserve the central bank’s independence. Hassett claimed it is unprecedented for a former Fed chair to remain on the board after […]

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Center

The White House economic adviser has openly called on former Fed Chairman Jerome Powell (pictured on our cover) to step down from the central bank's board of governors, saying his presence as a former Fed chairman is completely unprecedented and undermines the institution's independence, Fox Business reported.

·Budapest, Hungary
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Powell has been on the Board of Governors of the Federal Reserve since he left office as president in May.

·Bogota, Colombia
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BizToc broke the news on Friday, October 2, 2026.
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