Donald Trump says Fed chair Jerome Powell’s job is protected
Donald Trump has said he will not try to oust Federal Reserve chair Jerome Powell in January.
When asked by US reporters if he would make a change in January, he said: ‘No, I don’t think so,’ despite having previously argued with Powell over interest rate levels.
It follows comments from Powell that he would refuse to leave his position early if Trump tried to push him out
Powell said removing any of the Fed’s governors before their term finishes was ‘not permitted under the law’.
In the pink: Donald Trump has said he will not try to oust Federal Reserve chair Jerome Powell in January
Powell’s term as chair of the central bank is due to run until May 2026.
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