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Semafor

US inflation jumps, though long-term war impact yet to be seen Hospitals consider replacing some radiologists with AI Amazon takes a jab at Nvidia over chips shift VCs step in to fund university upstarts Exclusive: Anthropic is gaining on OpenAI’s revenue, but hasn’t yet eclipsed it Exclusive: AI powerhouses threaten data processing firms A South African artist is changing the way viewers understand Picasso’s Guernica Airbnb faces familiar battle in Cape Town First look at war-related inflation sparks political jostling View: China’s state businesses are reshaping markets in Africa US issues Nigeria travel warning over terrorism, kidnapping FirstRand exits UK business after regulatory hit Afreximbank’s $800M answer to Fitch Exclusive: Navy takes nuclear-powered sub offline after $800 million cost run-up Cuba leader says he will not step down Fed, Treasury summon Wall Street chiefs over AI fears How Bluesky earned its reputation — and why it could be the way of the future China eyes stronger Taiwan influence Orbán slams Hungary’s opposition as he trails in polls Iran war reshapes air travel, perhaps for the long term Tehran residents embrace calm amid tenuous truce Countries lack fiscal capacity to handle war fallout Higher producer prices ease China deflation fears Trump ‘optimistic’ on Iran peace talks Inside the five-year succession plan at a $130B warehouse giant Georges Elhedery on HSBC’s big bets on the Gulf and Asia Warsh’s Fed hearing slips past next week Moore takes on the Sun’s ‘MAGA billionaire’ and more Debatable: AI titans influencing regulation Americans still think taxes are too high, poll finds
GOP Sen. Lankford says Trump can’t fire Jerome Powell
Nicholas Wu · 2026-04-08 · via Semafor

Oklahoma Republican Sen. James Lankford said Thursday he believed Federal Reserve Chair Jerome Powell couldn’t be fired by President Donald Trump.

“No, I don’t think he’s going to be fired or that he could be at that point,” Lankford told Semafor World Economy. Trump has pressured Powell to lower interest rates and has threatened to fire Powell if he didn’t depart from the job. US Attorney Jeanine Pirro has spearheaded an investigation into Fed renovations during Powell’s tenure, frustrating some GOP senators, one of whom has vowed to block Trump’s new Fed nominee Kevin Warsh until the investigation was dropped.

But Lankford was confident the Pirro-led investigation would soon be wrapped up.

“I think the investigation will come to a conclusion in the next couple weeks,” he said.

Despite Trump’s repeated calls for senators to kill the filibuster, Lankford said, “I do not think we should kill the filibuster.”

“It literally forces one place in government where both sides have to be grown ups and talk to each other,” he added.

Lankford also said Senate Republicans had work to do between now and midterm elections in November to keep their majority. Running on the tax cuts passed last year might not be enough, he said, quipping that “elections are in November, taxes are in April.”

“I don’t think people are thinking about taxes once they get to November. They’re thinking about it now and thinking maybe it’s better. But we’ve still got to be able to show our work for the rest of the year.”