US EditionTrump Says He ‘Most Likely’ Won’t Axe Powell
DISTRICT OF COLUMBIA, AUG 2 – Trump says Jerome Powell will likely finish his term to avoid market disruption despite criticism over interest rate policy and a $2.9 billion Fed headquarters renovation.
- On Friday, President Donald Trump indicated he probably would not dismiss Federal Reserve Chairman Jerome Powell at this time, citing concerns about potential market instability.
- This statement follows a feud between Trump and Powell over Powell's refusal to substantially lower interest rates and alleged mismanagement of a costly Fed headquarters renovation.
- The Fed renovation, announced in 2017 with an estimated cost of $1.9 billion, has experienced a significant increase in expenses, now totaling approximately $2.5 billion or more.
- Trump criticized the expenditure on the renovation, noting that $2.9 billion has been allocated to the project, and referred to Powell as "Too Late Powell," insisting on immediate reductions in interest rates.
- Fed Governor Adriana Kugler's unexpected resignation gave Trump an opening for a new appointment, and calls continue for the Fed Board to assume control if Powell does not act.
19 Articles
19 Articles
Trump says he ‘most likely’ won’t axe Powell
President Trump, who has waffled back-and-forth in recent weeks over whether he would move to oust Federal Reserve Chair Jerome Powell, signaled Friday that the move was unlikely. In an interview with Newsmax's Rob Finnerty, Trump said he is not likely to fire Powell before his term is up in May 2026, despite criticizing the Fed chief for once again keeping interest rates steady. “Interest rates are too high, and despite that, we have a great ec…
Trump says he would remove Powell ‘in a heartbeat’ if it didn’t ‘disturb the market’
President Donald Trump said on Friday that he would most likely not remove Jerome Powell as chairman of the Federal Reserve because it would cause financial disruption. “They say it would disturb the market. I would remove him in a…
Trump says he would remove Powell if it didn't 'disturb the market'
President Donald Trump said on Friday that he would most likely not remove Jerome Powell as chairman of the Federal Reserve because it would cause financial disruption. “They say it would disturb the market. I would remove him in a heartbeat, but they say it would disturb the market,” he told Newsmax host Rob Finnerty in a sit-down interview inside the White House. “He gets out in seven or eight months, and I’ll put somebody else in.” Trump’s co…
Coverage Details
Bias Distribution
- 43% of the sources lean Right
Factuality
To view factuality data please Upgrade to Premium
