Former President Trump says he won't try to oust Fed Chair Powell, despite past disputes.

Former President Donald Trump stated he will not attempt to remove Federal Reserve Chair Jerome Powell from his position when he returns to office. Trump acknowledged that Powell would likely refuse to step down early, as it's not allowed by law. Despite past conflicts over interest rates, Trump now accepts Powell's independence, though he believes the president should have some influence over monetary policy.

December 08, 2024
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