Trump Says He Won't Replace Fed Chair Powell Before 2026 Term Ends

Dec 8, 2024, 03:36 PM

President-elect Donald Trump has indicated that he has no plans to replace Federal Reserve Chairman Jerome Powell before the end of Powell's term in May 2026. Speaking in an interview with NBC's 'Meet the Press,' Trump stated, 'I don't think so. I don't see it,' when asked if he would ask Powell to resign. Powell has previously asserted that he would not step down if asked by the president. Despite past criticisms of Powell's handling of interest rates, Trump signaled a willingness to maintain continuity at the central bank.