US EditionTrump says he has ‘no intention’ of firing Fed Chair Powell
- President Donald Trump stated he has "no intention of firing" Federal Reserve Chair Jerome Powell, despite earlier threats that caused market concerns about political influence on interest rates.
- Trump believes inflation concerns are exaggerated and urged the Fed to lower interest rates, stating, "it's a perfect time to lower interest rates."
- Powell warned that Trump's tariff policies might lead to slower growth and increased inflation, while reiterating the Fed's independence in monetary policy.
- Wall Street stocks rebounded, attributed partly to sentiments that Trump would not fire Powell and optimism about trade talks with China.
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Newsbug.info+5 Reposted by 5 other sources
Trump says won't fire Fed chief, signals China tariffs will come down
Donald Trump said Tuesday he had no intention of firing the chair of the US Federal Reserve and signalled a "substantial" lowering of tariffs on China -- moves that brought relief to global markets spooked by his aggressive policies.
FOX 28 SpokaneReposted by 
The Frontier Post
The Frontier PostTrump says won’t fire Fed chief, signals China tariffs will come down
Donald Trump said Tuesday he had no intention of firing the chair of the US Federal Reserve and signalled a "substantial" lowering of tariffs on China -- moves that brought relief to global markets spooked by his aggressive policies. Trump's recent outbursts against Fed chair Jerome Powell had fanned concern that he would oust him,
Coverage Details
Total News Sources240
Leaning Left34Leaning Right28Center109Last UpdatedBias Distribution64% Center
Bias Distribution
- 64% of the sources are Center
64% Center
L 20%
C 64%
R 16%
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