Won’t fire ‘total stiff’ Fed chair Powell before term ends in 2026: Trump
President Trump stated he won't remove Federal Reserve Chair Jerome Powell before his term ends in 2026, despite calling him "a total stiff" and urging lower interest rates. Trump acknowledged Powell isn't a fan but anticipates eventual rate cuts. This declaration aims to reassure markets unsettled by Trump's trade policies, including tariffs on various countries, while trade negotiations continue.
President Trump stated he won't remove Federal Reserve Chair Jerome Powell before his term ends in 2026, despite calling him "a total stiff" and urging lower interest rates. Trump acknowledged Powell isn't a fan but anticipates eventual rate cuts. This declaration aims to reassure markets unsettled by Trump's trade policies, including tariffs on various countries, while trade negotiations continue.
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