#TrumpVsPowell

Trump has "no intention of firing" the Fed chairman

After sharp criticism that rocked the financial markets, President Trump assured that he did not plan to "fire" Jerome Powell.

Donald Trump assured on Tuesday that he "had no intention" of firing the Fed chairman, seeming to show a willingness to ease tensions after his fierce criticisms of Jerome Powell had unsettled the financial markets.

"I would like to see him a little more active" in lowering rates, the president repeated, who has repeatedly advocated for a faster pace of monetary easing by the American central bank to support the economy.

"If he doesn’t do it, is it the end? No," Donald Trump said, who just on Monday labeled the central banker an "immense loser".

Last week, the Republican billionaire had stated that it was "more than time for Powell's term to end".