US EditionTrump says he has ‘no intention’ of firing Fed Chair Powell
- President Donald Trump stated he has no intention of firing Federal Reserve Chair Jerome Powell.
- Trump claimed that energy and grocery prices are falling, suggesting inflation is not a threat to the economy.
- He believes it is the right time for the Fed to cut its benchmark interest rates.
- Trump expressed confidence that lowering the rate would be beneficial for the economy.
364 Articles
364 Articles
Trump says he won't fire Fed chief, signals lowering of China tariffs
US President Donald Trump said on Tuesday that he had no intention of firing Jerome Powell, despite recent outbursts against the the chair of the US Federal Reserve. He also signalled a "substantial" lowering of tariffs on China – bringing relief to global markets spooked by his aggressive trade policies.
Markets Gain After Trump Says He Has No Plans to Oust Fed Chief
A market rebound that started on Wall Street continued in Asia on Wednesday after President Trump said he had “no intention” of firing the Federal Reserve chair, Jerome H. Powell. The statement, along with reports that Treasury Secretary Scott Bessent told investors that he expected the tariff standoff with China to ease “over the very near future,” helped calm the latest trade war jitters. The 2.5 percent gain by the S&P 500 on Tuesday reversed…
The Times of Northwest Indiana
Richmond Times-DispatchPresident not planning to fire Fed Chair Powell
WASHINGTON — President Donald Trump said Tuesday he has no plans to fire Federal Reserve Chair Jerome Powell, just days after his statement that he would like to terminate the head of the U.S. central bank caused a stock market…
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