Trump says there are no plans to fire Powell, but believes Powell is already under 'investigation'

U.S. stocks quickly rebounded, with the Dow Jones turning positive. U.S. President Trump recently stated: 'Federal Reserve Chairman Powell has been acting too late and performing poorly. We will continue to face challenges.' When asked whether he would fire Powell, Trump replied: 'No plans. But changes will happen in the next eight months, and we will appoint someone who performs well. We will consider U.S. White House National Economic Council Director Hassett for a position related to the Federal Reserve. Only interested in 'low interest rate people' for the Federal Reserve Chair.'

Trump: Discussed the concept of 'firing (Powell)'. Republican officials are pushing for his dismissal, my stance is more conservative.

Trump: I believe Powell is already under investigation. I think he has some issues. Powell has spent more than expected on the (renovation of the Federal Reserve building). $ETH