Trump Says He Won’t Fire Fed Chair Powell but Hints at Pressure for Rate Cuts

Trump says he won't fire Fed Chair Powell as he again urges him to cut rates

'We’re going to spend $600 billion a year, $600 billion because of one numbskull (Powell) that sits here and says, 'I don't see enough reason to cut the rates,' president says - Anadolu Ajansı

Trump says he won’t fire Powell, but again demands rate cut

President Donald Trump reiterated Thursday he did not plan to fire Federal Reserve Chair Jerome Powell, days after saying he would “soon” pick his nominee to lead the central bank next. “The fake news is saying, ‘Oh, if you fired him, it would be so bad, it would be so bad.’ I don’t know why it would be so bad, but I’m not going to fire him,” Trump said at a White House event on Thursday. Trump went on to repeat his complaints that the Fed has n…

Trump says he won’t fire Fed chair Powell but hints at pressure for rate cuts

WASHINGTON: US President Donald Trump said on Thursday (Jun 12) he would not dismiss Federal Reserve Chair Jerome Powell, but signalled that he may take steps to pressure the central bank to lower interest rates, amid rising concerns over borrowing costs and inflation. Speaking in unscripted remarks at the

Trump Says He Won’t Fire Powell, But Again Demands Rate Cut

Trump stands firm on Fed Chair Powell amid rate cut frustrations

President Donald Trump is once again locking horns with the Federal Reserve over interest rates, and it’s a showdown worth watching. Trump made waves on Thursday by declaring he won’t be showing Federal Reserve Chair Jerome Powell the door, despite his ongoing frustration with the central bank’s refusal to slash rates. As reported by Newsmax, the president is pushing hard for lower rates to boost economic momentum. Speaking from the White House,…

Trump Says He Won’t Fire Fed’s Powell But ‘May Have to Force Something’ on Rates - Energy News, Top Headlines, Commentaries, Features & Events

(Reuters) – U.S. President Donald Trump on Thursday said he would not fire Federal Reserve Chair Jerome Powell, adding that he “may have to force something” as part of his ongoing push for the central bank to lower rates. “Raise your rates. You don’t have to keep them up here. If it’s going to go ...