Trump's Future Plans for Federal Reserve Leadership
Former U.S. President Donald Trump stated that Federal Reserve Chair Jerome Powell will likely remain in his position despite criticism of Powell's policies. Trump suggested he would prefer to replace Powell due to high-interest rates, but acknowledged that removing Powell could disrupt financial markets.
In a recent interview, former President Donald Trump indicated that Federal Reserve Chair Jerome Powell would 'most likely' continue in his role. This comes despite Trump's outspoken disapproval of Powell's policies.
During the exchange with Newsmax, Trump expressed a willingness to remove Powell 'in a heartbeat,' citing the high-interest rates enforced by the Fed as a primary concern.
However, Trump suggested that such an action could unsettle financial markets, hinting that despite his criticisms, Powell may serve out his term. Nonetheless, Trump plans to nominate a replacement once Powell's tenure concludes in several months.
(With inputs from agencies.)
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