Market
What will be the change in Fed's key interest rates by end of 2025?
3
Resolution / Starting Odds
Increase • 25%
Decrease • 25%
No change • 25%
Fluctuations but end at same rate • 25%
Federal Reserve's official announcements on interest rate changes
Story
Trump Won't Seek Powell's Removal as Fed Chair, Acknowledges Legal Constraints
Dec 8, 2024, 02:52 PM
President-elect Donald Trump has stated that he has no plans to replace Federal Reserve Chair Jerome Powell before his term expires in May 2026. In an interview with NBC's "Meet the Press," Trump affirmed that he does not intend to ask Powell to step down, saying, "I don't see it." This addresses speculations about potential changes in the Fed's leadership during the upcoming administration. Powell has expressed that he is "not concerned" about the central bank losing its independence and is confident he cannot be legally replaced. He also stated he is confident about maintaining a good relationship with the president-elect's pick for Treasury secretary.
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