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News| | Publish on Wed, 04/23/2025 - 00:07

Trump says he has ‘no intention’ of firing Federal Reserve chair

WASHINGTON (AP) — President Donald Trump said Tuesday he has no plans to fire Federal Reserve Chair Jerome Powell, just days after his statement that...

Trump says he has ‘no intention’ of firing Federal Reserve chair

It seems like there is some tension between President Trump and Federal Reserve Chair Jerome Powell regarding monetary policy and interest rates. President Trump has expressed frustration with Powell's decisions to pause interest rate cuts and believes that inflation is not a threat to the U.S. economy. However, Powell has maintained that Trump's tariffs are creating uncertainty and could lead to slower growth and higher inflation. Despite Trump's previous statements indicating that he could fire Powell, the president now says he has no intention of doing so. However, he continues to pressure the Fed to lower interest rates, believing it would be beneficial for the economy. Powell, on the other hand, has warned about the negative effects of Trump's tariff policies on the economy. It will be interesting to see how this dynamic between the president and the Fed chair plays out in the coming months, as their differing views on economic issues could continue to create tension.

Author Name: Associated Press,Kevin Boulandier

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