Trump Confirms Powell Will Remain Fed Chair Until Term Ends
TL;DR Summary
Donald Trump has stated he will not remove Federal Reserve Chair Jay Powell before his term ends in 2026, despite previous criticisms. Trump plans to implement tariffs, mass deportations, and tax cuts early in his administration, while also reducing government spending and aid to Ukraine. Concerns about the Fed's independence persist, as Trump's economic policies may increase inflationary pressures, limiting the Fed's ability to lower interest rates.
- Trump says he will not remove Jay Powell from Fed before term ends Financial Times
- Trump Says He Does Not Have Plans to Replace Jerome Powell as Fed Chair The New York Times
- Trump says he doesn’t plan to remove Fed chairman Jerome Powell CNN
- Donald Trump says he won't fire Fed chief Jerome Powell NBC News
- Trump Says on NBC He Has No Plans to Replace Powell as Fed Chair Bloomberg
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