"It doesn't occur to me in the slightest that there would be any situation in which I would not complete my term other than dying," Powell said in 2019.

Warren Buffett is set to retire as the Berkshire Hathaway chief at the end of 2025 and acquired a record cash pile of $350 billion.

Treasury Secretary Scott Bessent told the president that ousting Jerome Powell entailed risks, including possible effects on the economy and potential legal and political obstacles.