Trump Unlikely to Oust Fed Chair Powell Amid Market Concerns
TL;DR Summary
President-elect Donald Trump is likely to allow Federal Reserve Chair Jerome Powell to complete his term, which ends in May 2026, despite past tensions and threats to remove him. Trump's economic team currently supports Powell's continuation as the Fed pursues interest rate cuts. Although Trump has criticized Powell's decisions and the Fed's transparency, he is not expected to replace him, as removing a Fed chair is legally challenging. Other potential candidates for the position include Kevin Warsh and Kevin Hassett, but Gary Cohn is unlikely due to past disagreements with Trump.
- Trump is likely to allow Fed chair to serve remainder of his term, adviser says CNN
- Jerome Powell Is Back in Trump’s World and About to Feel the Heat Bloomberg
- Trump is not expected to try to fire Fed Chair Powell MarketWatch
- Trump Has Fed’s Powell in His Sights. Why The Stock Rally Could Suffer. Barron's
- Trump Has Fed’s Powell in His Sights. Why The Stock Rally Could Suffer, and 5 Other Things to Know Today. MSN
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