Florida Congresswoman Anna Paulina Luna stated Tuesday that Federal Reserve Chairman Jerome Powell may soon be removed from his position, citing a “very serious source” confirming the move is near, as reported by The Gateway Pundit.
Luna’s comments followed President Donald Trump’s continued criticism of Powell’s performance as Fed Chair. Speaking outside the White House on Tuesday, President Trump was asked whether he planned to fire Powell.
“No….I think he’s doing a terrible job,” Trump said.
“I think we should be three points lower interest rate. He’s costing our country a lot of money. We should be number one, and we’re not. And that’s because of Jerome Powell….In terms of interest…”
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President Trump emphasized the turnaround the country has experienced over the past year, contrasting it with the economic conditions he inherited from former President Joe Biden.
“One year ago, our country was a dead country. We were going nowhere except down. We were the laughing stock all over the world,” Trump said.
“And now we’re the hottest country anywhere in the world. We’re number one everywhere, anywhere in the world. And that’s all they’re talking about, is our country.”
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On X, Congresswoman Luna stated Tuesday night, “Hearing Jerome Powell is getting fired! From a very serious source.”
Hearing Jerome Powell is getting fired! From a very serious source.
— Anna Paulina Luna (@realannapaulina) July 16, 2025
She followed with another post asserting, “Jerome Powell is going to be fired. Firing is imminent.”
Jerome Powell is going to be fired. Firing is imminent.
— Rep. Anna Paulina Luna (@RepLuna) July 16, 2025
Luna said she was “99% sure” that Powell’s dismissal is coming.
I’m 99% sure firing is imminent. https://t.co/cyaXaydiSZ
— Anna Paulina Luna (@realannapaulina) July 16, 2025
Powell, originally appointed by President Trump in 2018, has come under increased scrutiny for his handling of interest rates and the broader economy.
Though his appointment was initially supported by the Trump administration, Powell’s actions in the years that followed — particularly during the Biden administration — have drawn criticism from conservative lawmakers and economic commentators.
Critics have accused Powell of failing to contain inflation during the Biden presidency, pointing to continued high interest rates and stagnant growth as signs of poor central bank leadership.
President Trump has frequently noted that Powell’s decisions to raise interest rates have had a negative impact on the economy.
“I’m encouraged by reports that Jerome Powell is considering resigning,” said Bill Pulte, Chairman of the Board of Fannie Mae and Freddie Mac, last week.
“I think this will be the right decision for America, and the economy will boom.”
Powell recently suggested that Trump-era tariffs were a factor in the Fed’s decision not to lower interest rates further.
Since President Trump returned to office earlier this year, Powell has maintained current interest rate levels despite calls to reduce them in order to stimulate the housing market and broader economy.
While no official announcement regarding Powell’s removal has been made by the White House, Luna’s public statements signal increasing pressure from within Republican ranks to replace the Fed Chair.
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