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https://www.nytimes.com/2025/04/18/opinion/federal-reserve-powell-trump.html

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Important Note: AllSides provides a separate media bias rating for the The New York Times news pages.

This page refers to The New York Times opinion page, including op-ed writers and the Editorial Board. The Editorial Board’s bias is weighted, and affects this bias rating by roughly 60%. Not all columnists for the New York Times display a left bias; we rate many individual writers separately (see end of this page). While there are some right-leaning opinion writers at the Times, overall the opinion page and Editorial Board has a strong Left bias. Our media bias rating takes into account both the overall bias of the source’s editorial board and the paper’s individual opinion page writers.

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At a congressional hearing in July 2019, Representative Maxine Waters asked the Federal Reserve chairman, Jerome Powell, what he would do if the president called and said, “I’m firing you, pack up, it’s time to go.” Mr. Powell said diplomatically, “My answer would be ‘no.’” In private, he was more blunt. “I will never, ever, ever leave this job voluntarily until my term ends under any circumstances,” he said. “None whatsoever. You will not see me getting in the lifeboat.”

We may soon find out the depth of that conviction. “Powell’s termination cannot come fast enough!” President Trump wrote Thursday morning on social media, a day after Mr. Powell said that the Fed may need to postpone cutting interest rates, thanks to Mr. Trump’s tariff policy.