FTC Firings Are Set to Test If Jerome Powell Can Be Fired Too

March 21, 2025, 11:00 AM UTC

Federal Reserve Chair Jerome Powell has been crystal clear about whether President Donald Trump can fire him. “Not permitted under the law,” he said — twice — when asked in November.

Powell, who’s had the job since 2018, may soon find out if he was right.

Jerome Powell, chairman of the US Federal Reserve, speaks during a news conference in Washington, DC, on March 19, 2025.
Photographer: Al Drago/Bloomberg

On Tuesday, the Trump administration dismissed the Federal Trade Commission’s two Democratic commissioners, Alvaro Bedoya and Rebecca Kelly Slaughter. The firings are the most direct challenge yet to a 1935 Supreme Court decision that paved the way for the independent agencies that now populate the US government.

The ruling, known as Humphrey’s ...

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