Central BanksMedium•1 October 2026•
1 min read
Trump May Target Removal of Three Federal Reserve Governors
Key Facts
1President Trump could potentially pursue the removal of Fed governors Jerome Powell, Lisa Cook, and Michael Barr.
2The Fed inspector general criticized the management of the central bank headquarters renovation but found no criminal or administrative misconduct.
President Trump could potentially pursue the removal of Fed governors Jerome Powell, Lisa Cook, and Michael Barr from the Federal Reserve Board. CNBC reported that while these moves are being considered, legal protections surrounding the central bank's independence present significant hurdles to such actions.
The Fed inspector general recently criticized the management of the central bank's headquarters renovation, though the investigation found no evidence of criminal or administrative misconduct. This follows recent economic data from September 25, 2026, which showed U.S. Durable Goods Orders remained flat at 0% and the Michigan Consumer Sentiment index reached 48.1.