Trump says he "wouldn't hesitate for a second" to fire Powell, but worries it could disrupt the markets
According to a report by Jinse Finance, U.S. President Donald Trump once again addressed the issue of Federal Reserve Chairman Jerome Powell’s tenure during an interview on Friday local time. He stated that he is “very unlikely” to remove Powell from office before his term ends, as he has been advised against doing so on the grounds that “it would disrupt the markets.” “I wouldn’t hesitate for a second to fire him,” Trump said, “but they say it would disrupt the markets, and anyway, he’ll be gone in seven or eight months, and then I’ll put my own person in.” Earlier on Friday, Trump also said that Powell should resign like Fed Governor Adriana Kugler.
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