Trump Says He Won’t Replace Powell As Fed Chair

Benzinga

President-elect Donald Trump stated he does not plan to replace Federal Reserve Chair Jerome Powell, during an interview with "Meet the Press." Trump appointed Jerome Powell as Federal Reserve Chair in 2018 but frequently clashed with him over interest rates, threatening to fire him multiple times. President Joe Biden reappointed Jerome Powell as Federal Reserve Chair in 2022 for a second term. Trump has argued that the president should have input over interest rate decisions.

Transcript

00:00It's Benzinga bringing Wall Street to Main Street.

00:02President-elect Donald Trump stated he does not plan to replace Federal Reserve Chair Jerome Powell

00:07during an interview with Meet the Press. Trump appointed Jerome Powell as Federal Reserve Chair

00:11in 2018, but frequently clashed with him over interest rates, threatening to fire him multiple

00:16times. President Joe Biden reappointed Jerome Powell as Federal Reserve Chair in 2022 for a

00:22second term. Trump has argued that the president should have input over interest rate decisions.

00:27For all things money, visit Benzinga.com slash GSTV.

Category

Transcript

Comments

Recommended