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No intention to replace Fed chief Powell
The Straits Times|December 10, 2024
WASHINGTON - US President-elect Donald Trump said in an interview aired on Dec 8 that he will not try to replace Federal Reserve chairman Jerome Powell upon taking office in January.
No intention to replace Fed chief Powell

"No, I don't think so. I don't see it," Trump said on NBC News' Meet The Press With Kristen Welker when asked if he would seek to remove Mr Powell, whose term ends in 2026.

Trump added that he did not think Mr Powell, whom he has sparred with in the past over interest rate levels, would go quietly.

"I think if I told him to, he would. But if I asked him to, he probably wouldn't," Trump told Ms Welker.

Trump campaigned on a promise to lower mortgage rates and other borrowing costs for US households, raising the prospect that he could clash with Mr Powell - as he did in his first term - over interest rate policy.

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No intention to replace Fed chief Powell
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Diese Geschichte stammt aus der December 10, 2024-Ausgabe von The Straits Times.

Starten Sie Ihre 7-tägige kostenlose Testversion von Magzter GOLD, um auf Tausende kuratierte Premium-Storys sowie über 8.000 Zeitschriften und Zeitungen zuzugreifen.

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