Trump Says He Would Not Reappoint Powell as Fed Chair if Elected
Jerome Powell, right, and Donald Trump during a nomination announcement in Washington, DC, in 2017.
Photographer: Olivier Douliery/BloombergThis article is for subscribers only.
Former President and likely Republican nominee Donald Trump reiterated Friday he would not appoint Jerome Powell to head the Federal Reserve if he is reelected in November, saying the chairman was looking to lower interest rates to help President Joe Biden return to his position.
“No, I wouldn’t,” Trump said when asked about keeping Powell after his term expires in 2026, in an interview with Fox Business Network’s “Mornings with Maria”program.