Trump Says He Has ‘No Intention’ to Fire Fed Chair Powell

Axios

 

President Trump said on Tuesday that has no plans to fire Federal Reserve chair Jerome Powell, backtracking days after suggesting he was looking forward to the economic policymaker’s “termination.”

Why it matters: Trump has ramped up attacks on Powell over the past week alongside demands that the Fed cut rates immediately, raising fears among investors about the fate of the central bank’s independence.

What they’re saying: “I have no intention of firing him. I would like to see him be a little bit more active in terms of his idea to lower interest rates — this is a perfect time to lower interest rates,” Trump told reporters.

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