Donald Trump says Fed Chairman Jerome Powell’s job is safe
Donald Trump has said he will not try to oust Federal Reserve Chairman Jerome Powell in January.
When US reporters asked him if he would change anything in January, he said: “No, I don’t think so,” despite having previously discussed interest rate levels with Powell.
It follows Powell’s comments that he would refuse to leave his position early if Trump tried to push him out
Powell said removing any of the Fed governors before their terms expire is “not authorized under the law.”
In pink: Donald Trump has said he will not try to oust Federal Reserve Chairman Jerome Powell in January
Powell’s term as central bank chairman runs until May 2026.
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