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
September 24, 2025 - 04:55
Gold Prices Surge to New Record Highs: Key Drivers Behind the RiseGold reached a new record high on Tuesday, reflecting a significant surge in demand for the precious metal. Analysts point to several key factors contributing to this upward trend. One of the...
September 23, 2025 - 10:20
Nebraska Commission Aims for Stability in School FundingA newly established commission in Nebraska is focusing on providing sustainable solutions for the funding of public schools, with an emphasis on achieving greater stability and predictability in...
September 22, 2025 - 18:37
Essential Tips for Choosing the Right Financial Advisor: What to Watch Out ForFinding the right advisor is key to your long-term financial wellbeing. When selecting a financial advisor, it`s crucial to be aware of potential red flags that could indicate a poor fit for your...
September 22, 2025 - 00:29
Transform Your Finances with a 12-Week Reset PlanA new 12-week financial reset program has emerged, designed to assist individuals in taking control of their financial health. This structured plan aims to help Americans tackle debt, reduce...