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Donald Trump said he had “no intention” to dismiss the president of the federal reserve Jay Powell, after indications that he could dismiss him triggered a sale on the markets.
The president hit repeatedly against the refusal of the Fed chair to reduce interest rates and last week said he thought he could reject Powell before his mandate as head of the central bank ending in May 2026.
While Trump reiterated his complaints according to which the Fed needed to reduce the borrowing costs in the comments in the oval office on Tuesday afternoon, he added: “I do not want to talk about it because I do not intend to dismiss him.”
The remarks seem to put an end to speculations according to which the president of the Fed will soon be rejected.
It's a story in development
