US EditionTrump says he won't remove Fed chair Powell before term ends in 2026
- President Donald Trump said in a May 4, 2025, NBC News interview that he will not remove Federal Reserve Chair Jerome Powell before Powell's term ends in May 2026.
- Trump made his remarks amid ongoing pressure for the Federal Reserve to reduce interest rates and characterized Powell as "a total stiff" who was not favorable toward him.
- The interview also covered Trump's extensive trade actions, including tariffs up to 145% on China and 25% on Canada, Mexico, and autos, with ongoing negotiations with over 15 countries.
- Trump firmly denied any plans to remove Powell before his term expires and noted that halting business with China has prevented losing a trillion dollars.
- Keeping Powell could reassure unsettled markets amid trade tensions and tariff uncertainty, while some tariffs might become permanent depending on deal outcomes.
51 Articles
51 Articles
Trump says won't remove Fed chair Powell; claims credit for good parts of economy
WASHINGTON: US President Donald Trump said he will not remove Jerome Powell as Federal Reserve Board chairman before his term ends in May 2026 while describing the central banker as "a total sti
Trump urges Fed to cut rates ahead of meeting this week
The NewsUS President Donald Trump renewed his pressure campaign on the Federal Reserve Sunday, urging the central bank to cut interest rates at its meeting this week. Economists expect the Fed to keep the cost of borrowing steady until at least the second half of the year: Despite worries of a tariff-induced economic slowdown, the Fed’s wait-and-see approach to rate cuts is likely unchanged, especially after Friday’s strong jobs data reinforced …
‘I consider it a stretch’: Donald Trump ‘forgave’, for the time being, the Fed’s president
President Donald Trump insisted that he does not plan to fire Federal Reserve (Fed) President Jerome Powell, despite his constant criticism of the pace of interest rate cuts. “Why would he do that?” he said in an interview with Kristen Welker on the NBC’s Meet the Press program this Sunday. “I can replace the person in a short period of time.” On Wednesday, April 30, Trump again criticized the head of the central bank, while the president faces …
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