The US president said Jerome Powell is expected to remain in place as the head of the Federal Bank (FED) until the end of his term, despite strong criticism from Donald Trump because of his insistence on not reducing. In an interview with the Newsmax Network, which was broadcast Friday, Trump stressed that he would remove Powell without a second thought, pointing out that the Fed interest rates were at an extremely high level, but added that his advisers consider such a move. “He will leave for seven or eight months and put someone else,” Trump said, referring to the end of Powell’s term as head of the Fed in May 2026. Through his post on the Truth Social platform, Donald Trump called Jerome to resign. “Powell should resign, as Adriana Kugler resigned […]
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.
