Trump has made it clear for the first time that he will not fire Powell early
2025-05-04 13:17:15
In an interview with NBC News' "Meet the Press" broadcast on Sunday, when asked if he would fire Powell by 2026, Trump gave the clearest negative answer yet: "No, no, no. Why would I do that? I can wait, it won't be long before someone changes." But he also criticized Powell as a completely inflexible person and repeated his call for the Federal Reserve to cut interest rates. Trump said in the interview: "He should cut interest rates, and sooner or later he will. But Powell is not my fan, he doesn't like me because I think he's a complete fool." The interview is the first time Trump has made it so clear that he will remain in Powell's job, which could help ease market unease over Trump's disruption of the global trading system through his massive tariff policy.
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