Reported about 12 hours ago
In a recent interview, President Trump stated he has no plans to dismiss Federal Reserve Chairman Jerome Powell, claiming, 'Why would I do that?' as Powell's term is set to end in May 2026. Although Trump continues to pressure the Fed to lower interest rates, he downplayed speculation about Powell's removal following earlier comments that hinted at his unhappiness with Powell's stance on tariffs' impact on the economy. The discourse around Powell's leadership has intensified, with potential candidates for his position already voicing their opinions on the Fed's direction and independence.
Source: YAHOO