00:00It's Benzinga, and here's what's on the block.
00:03Trump told Bloomberg Business that he would allow Federal Reserve Chair Jerome Powell
00:06to complete his term at the Central Bank if Trump wins the November election.
00:10Powell was nominated by President Biden to serve a second four-year term as Fed Chair
00:14in May 2022.
00:16Powell is also a Fed Governor until January 2028.
00:20This marks a change for Trump, who had a strained relationship with Powell and criticized his
00:25interest rate policies in the past.
00:27As recently as February 2024, Trump said he would not reappoint Powell, calling him
00:31political.
00:32For all things money, visit Benzinga.com.
