Trump Clarifies Stance on Federal Reserve Chair Jerome Powell
April 23, 2025 - 01:49
President Donald Trump stated on Tuesday that he has no plans to dismiss Federal Reserve Chair Jerome Powell. This announcement comes just days after remarks made by Trump suggested he was considering terminating Powell, which triggered a significant selloff in the stock market.
“I have no intention of firing him,” Trump assured reporters, attempting to quell concerns among investors and financial analysts. The president had previously hinted at his dissatisfaction with the Fed's decision to halt cuts to short-term interest rates, expressing frustration over the central bank's monetary policy.
Trump's comments reflect a complex relationship with the Federal Reserve, as he has often criticized its decisions, particularly when they do not align with his economic agenda. The uncertainty surrounding Powell's position has raised questions about the potential impact on monetary policy and the broader economy. As the administration navigates these challenges, Trump's recent clarification aims to stabilize market confidence in the Federal Reserve's leadership.
MORE NEWS
May 26, 2026 - 04:06
How Investors Are Reacting To Brink's (BCO) Record Free Cash Flow And Margin ExpansionEarlier this month, Brink`s reported a strong first quarter, with revenue rising 10.3% year on year and higher-margin AMS, DRS, and global services driving EBITDA margin expansion and record free...
May 25, 2026 - 18:00
Financial Exchanges & Data Stocks Q1 Teardown: Tradeweb Markets (NASDAQ:TW) Vs The RestThe close of earnings season offers a clear moment to look back and separate the winners from the laggards. For the financial exchanges and data sector, the first quarter of the year presented a...
May 25, 2026 - 11:24
Renter warning as Budget tax changes expected to fuel rise of corporate landlords: 'Quite surprised'Real estate professionals say they are `quite surprised` by how much the upcoming Budget appears to favor corporate landlords over individual investors. The expected tax changes are likely to...
May 24, 2026 - 21:19
A Look At Regions Financial (RF) Valuation After Recent Steady Share Price PerformanceRegions Financial (RF) has been catching the eye of investors lately, as its stock price holds steady after a series of mixed short-term moves. The shares recently closed at US$27.83, showing a...