Former President Donald Trump has stated that if he were to win the upcoming presidential election in November, he would allow Federal Reserve Chair Jerome Powell to complete his current term. According to a Bloomberg report, Trump made this comment amid ongoing speculation about potential changes in the Federal Reserve’s leadership if he were to return to the White House.
Source:- news 18
Trump’s remark is notable given his previous criticism of Powell and the Federal Reserve’s policies. During his presidency, Trump frequently criticized Powell for raising interest rates, which he argued were detrimental to economic growth. However, his recent statement suggests a shift in stance, indicating that he would respect the tenure of Powell, who was appointed by Trump himself but had become a point of contention.
Source:- BBC news
The decision to allow Powell to remain in his position could be seen as an attempt to signal stability and continuity in monetary policy, potentially reassuring markets and investors. The Federal Reserve’s role in managing the economy and its relationship with the presidential administration remains a key topic in U.S. economic and political discussions.
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