Trump Threatens to Fire Powell Once Fed Chair Term Ends
WSJ Minute Briefing
The Wall Street Journal
4.1 • 671 Ratings
🗓️ 15 April 2026
⏱️ 3 minutes
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| 0:00.0 | Access to affordable credit helps me pay my employees, but I don't really need it. |
| 0:05.0 | Infliction is killing me! |
| 0:08.0 | But who cares? Big retailers are making record profits! |
| 0:12.0 | That's why we support the Durban Marshall Credit Card Bill! |
| 0:15.0 | See? Banks and credit unions help small businesses make payroll. |
| 0:18.0 | This bill would cut the vital resources they need. |
| 0:25.1 | While increasing megastore profits, they deserve it. Don't they? |
| 0:29.1 | Tell Congress, stop the Durban Marshall money grab for corporate megastores. |
| 0:31.2 | Paid for by the Electronic Payments Coalition. |
| 0:41.0 | Here's your midday brief for Wednesday, April 15th. I'm Pierre Bienname for the Wall Street Journal. |
| 0:47.0 | President Trump is threatening to fire Jerome Powell if he doesn't resign as a voting member of the Fed's board once his term as Federal Reserve Chair ends next month. During a Fox business interview, |
| 0:52.5 | Trump also said he wouldn't drop the Justice Department's |
| 0:54.8 | criminal investigation of Powell. The investigation is examining whether Powell lied to Congress |
| 0:59.7 | in testimony about a Fed building renovation. Powell has said the investigation is a pretext, |
| 1:05.1 | part of Trump's long-running efforts to influence how the Fed sets interest rates. Meanwhile, |
| 1:10.1 | the Wall Street Journal has learned that the Trump administration is expected to choose Erica Schwartz to lead the CDC, pending approval from the president. |
| 1:17.7 | Schwartz is a physician and was deputy surgeon general during the first Trump administration. |
| 1:22.2 | The White House has sought to rein in Health Secretary Robert F. Kennedy Jr. on vaccine policy. |
| 1:28.4 | The CDC nominee's vaccine stance will play an important role in securing Senate confirmation. In a recent video |
| 1:33.4 | posted to Instagram, Schwartz said her job as a military physician was, quote, all about |
| 1:38.5 | public health prevention, vaccines, early detection. And Bank of America says its profit rose 17% in the first quarter |
| 1:45.9 | compared to a year ago, reaching $8.58 billion. Revenue also rose, driven by net interest |
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