Donald Trump won’t try to oust Federal Reserve Chairman Jerome Powell before his term ends, and is considering giving JPMorgan CEO Jamie Dimon the Treasury if he wins the election on November 5, the Republican candidate said in an interview he gave to the Bloomberg news agency last month and was broadcast on Tuesday. The interview was granted in late June, the agency said. Mr. Powell’s term ends in 2026, and he has repeatedly said he intends to see it through. His seat on the Fed’s board will end in 2028. Mr. Powell, originally Barack Obama’s choice, was named head of the US central bank by Mr. Trump and took over in early 2018; but the former president quickly pivoted against him, succeeding against the increases in the guide interest rates he decided. He wanted to dismiss him, but concluded that […]
Source: News Beast
With 6 years of experience, I bring to the table captivating and informative writing in the world news category. My expertise covers a range of industries, including tourism, technology, forex and stocks. From brief social media posts to in-depth articles, I am dedicated to creating compelling content for various platforms.
