#Binance
🚨NEWS ALERT🚨
ATTENTION: Trump says he will not dismiss Powell until the end of his term as president of the U.S. central bank.📝📊📈😎🤔
The American president has been criticizing Jerome Powell's performance as the head of the Federal Reserve, the Fed. He has even threatened a dismissal without having the power to do so, but backed down after shaking the markets.
The Republican also described the Fed chief as "totally rigid" and repeated calls for a reduction in interest rates.
In an interview on NBC News' "Meet the Press with Kristen Welker," which aired this Sunday (4), Trump said Powell was not his fan but hoped the Fed would lower interest rates at some point.
"He should lower them (the rates). And, at some point, he will. He prefers not to lower them because he is not my fan. You know, he just doesn't like me," he said in the interview, recorded in Florida last Friday (2).
When asked if he would remove Powell from the Fed before the end of his term leading the institution in 2026, Trump issued his most definitive denial: "No, no, no. Why would I do that? I can replace him in no time."
Sunday's comments were the clearest indication so far that the U.S. president intends to keep Powell in office, which may reassure markets shaken by Trump's trade war.#EUA #TRUMP #TaxasBaixas
