Trump rules out firing Powell while pushing him to cut rates

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Mon, May 5, 2025

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Trump rules out firing Powell while pushing him to cut rates

^{Published on 2025-05-04 12:06:33 - Fortune}

"Why would I do that?" he said in an interview on NBC's Meet the Press that aired Sunday. "I get to replace the person in another short period of time."

In an article from Fortune, it is discussed that President Trump's ongoing criticism and threats to fire Federal Reserve Chairman Jerome Powell are largely seen as bluster, with experts believing that Trump is unlikely to follow through on these threats due to the potential economic and political fallout. The article highlights Trump's frustration with the Federal Reserve's interest rate policies, which he believes are too high and detrimental to his economic agenda, particularly in the context of his trade war with China. Despite Trump's public pressure for rate cuts, the Federal Reserve's independence is emphasized as a crucial aspect of U.S. economic stability, and any move to remove Powell could lead to significant market turmoil and undermine investor confidence. The piece also notes that while Trump's comments may be intended to influence the Fed's decisions, the central bank is expected to continue making decisions based on economic data rather than political pressure.

Read the Full Fortune Article at:
[ https://fortune.com/article/trump-firing-jerome-powell-federal-reserve-rate-cuts-tariffs-trade-war/ ]

N@N

Trump rules out firing Powell while pushing him to cut rates