US President Donald Trump speaks at the White House on April 22, 2025.
Kevin Lamark | Roots
chairman Donald Trump On Tuesday, he said that he has “no intention” Firing Federal reserve chair Zerome poly The US Central Bank ended next year before his tenure.
“None,” Trump said in the Oval Office when he was asked to clarify that he did not search for the removal of Powell. “never done.”
The comment represents a dramatic change for Trump, which has recently made her rhetoric against Powell and refused to reject the possibility of taking unprecedented steps to firing.
US Stock Futures Rose rapidly in the major index after Trump’s latest comments.
Trump, who pressured the fed chair to cut interest rates in the hope of economic growth, said last week of Powell last week, “If I want to exclude him from there, he will be out really.”
Chairman of Federal Reserve, Jerome Powell, Professor of Finance at the Booth School in Chicago. After talking with Raghuram Rajan, during an economic club in Chicago on 16 April, 2025, Illinois.
Vincent alban | Getty images
White House Economic Advisor Kevin Husset On Friday, said that Trump and his associates actively were studying the possibility of firing Powell.
Powell, who was appointed by Trump during his first term as President, is set to serve as a Fed Chair by May 2026. He has said that the President cannot remove him under the law.
Trump on Monday criticized Powell’s most, so far called him “major loser” and immediately urged him for low rates.
But when asked about the possibility of firing Powell on Tuesday afternoon, Trump said, “Press runs away with things.”
“No, I have no intention of firing her,” Trump asked reporters after a ceremony at Paul Atkins as the chairman of the US Securities and Exchange Commission.
The President said, “I would like to be a little more active in terms of his idea to reduce his interest rates.” “This is a perfect time to reduce interest rates.”
Major US Stock Index closed significantly after Trump’s comment, revolting from a steep sale on Monday, which was associated with the apprehensions affected by Trump’s attacks on Powell in at least part.
Some? Critics And Analysts Warn that the President who removes the president of the Federal Reserve, who traditionally operates with the government, will create nervousness in the markets.
, CNBC’s Erin Doharti contributed to this report.
