President Donald Trump is not mincing words when it comes to the future of Jerome Powell at the Federal Reserve. Speaking from Davos, Switzerland in an interview with CNBC, Trump made it clear he is not thrilled with the idea of Powell sticking around after his term as Fed chair expires.

“We’ll see how it all works out,” Trump said. But when pressed about Powell potentially remaining on the Fed’s Board of Governors until 2028, Trump delivered a warning that landed like a thunderclap. “If that happens, his life won’t be very, very happy, I don’t think.”

That comment was not accidental. Trump has been openly searching for a replacement to lead the central bank and has long criticized Powell’s handling of interest rates. From my point of view, this is Trump doing what he has always done, calling out powerful institutions that think they are untouchable.

The Federal Reserve wields enormous influence over the economy, from mortgage rates to job growth. Trump clearly believes Powell’s leadership has failed American workers and families, especially after years of inflation pain.

Jerome Powell, who was originally appointed by Trump, still has the option to remain a governor even after stepping down as chair. Trump’s message suggests that staying on would not be smooth or comfortable.

This exchange, delivered from the elite setting of Davos, underscores a broader theme of Trump’s presidency. He is willing to confront entrenched power, even when it rattles the global financial crowd. Whether Powell exits quietly or digs in, Trump is making one thing clear. The status quo at the Fed is living on borrowed time.