Calls for Powell's Exit as Unemployment Rates Climb

WHO:

Yahoo Finance - Trump aide Kevin Hassett stated that Powell should "move on" from the Federal Reserve Board.

Fox Business - Trump economic advisor stated that "it's time" for Jerome Powell to leave the Federal Reserve.

9News - The Federal Reserve is led by Jerome Powell.

WHAT:

Yahoo Finance - Hassett emphasized that Powell's leadership is not aligned with the current economic needs, suggesting a change is necessary.

9News - The latest federal jobs report indicates a rise in unemployment rates.

Fox Business - The advisor described Powell's extended tenure as "unprecedented."

WHY:

Yahoo Finance - The call for Powell's departure is based on the belief that his policies have contributed to the rising unemployment rates.

Fox Business - The call for Powell's exit is linked to the rising unemployment rates.

HOW:

Fox Business - The advisor's comments suggest a belief that leadership change is necessary in response to economic conditions.

(UPDATED October 5, 2026 04:11 UTC)

Kevin Hassett, an aide to Trump, has stated that Federal Reserve Chair Jerome Powell should "move on" from his position. He emphasized that Powell's leadership does not align with the current economic needs, suggesting that a change is necessary. This call for Powell's departure is rooted in the belief that his policies have played a role in the rising unemployment rates.

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(UPDATED October 5, 2026 01:33 UTC)

A Trump economic advisor has called for Jerome Powell to leave the Federal Reserve, describing his extended tenure as "unprecedented." This statement comes in light of the latest federal jobs report, which indicates a rise in unemployment rates. The advisor believes that a change in leadership is necessary to address the current economic conditions.