[ad_1]
United States President-elect Donald Trump said on NBC’s Meet the Press on Sunday that he has no plans to replace Federal Reserve Chairman Jerome Powell after returning to the White House, according to news agency reports. reuters,
“I don’t see it,” President-elect Donald Trump said, according to the report.
Powell, whose term as Fed chair expires in May 2026, told reporters last month that he would not step down early if Trump asked him to resign.
“I think if I asked him, he would do it,” Trump said on NBC’s Meet the Press in November, his first network television interview since winning the US election in November. “But if I asked him, he probably wouldn’t do it,” he said, according to the news agency.
Earlier, Powell had made it clear within days of the election that he was prepared to protect the Fed’s independence from political pressure, insisting that the incoming President would not have the power to fire him or other critical Fed officials. Don’t have the power to do it.
“I think I have the right to say, ‘I think you should go up or down a little bit.’ I don’t think I should be allowed to order it,” Trump previously told bloombergAccording to the agency report.
“But I think I have the right to comment on whether interest rates should go up or down,” he said.
biggest job in government
Trump also ridiculed Powell’s role, calling it “the biggest job in government”, and he also said, “You come to the office once a month, and say, let’s see, toss a coin.”
Trump responded to a question on Powell’s statement about refusing to step down when asked, according to the interview transcript released Sunday, cited in the agency report. Even though Trump appointed Powell, he explored options whether he could fire or demote her during his first term after the Fed raised interest rates multiple times.
A US Fed spokesperson declined to comment on Trump’s latest comments, the agency reported.
Powell, who said he did not expect to have discussions with the incoming new administration, was asked if he would step down if Trump asked him to. Powell said “no,” according to the agency report.
[ad_2]
