President Donald Trump said Federal Reserve Chair Jerome Powell’s termination from his position can’t come quickly enough, arguing that the US central bank should have lowered interest rates already this year, and in any case should do so now.
Trump, derisively nicknaming the Fed chairman he nominated in his first term as “Too Late,” wrote in a post on the Truth Social platform Thursday morning that “Powell’s termination cannot come fast enough!”
Trump later Thursday declined to clarify if he was demanding Powell’s removal.
“If I ask him to, he’ll be out of there,” the president told reporters in the Oval Office. “I’m not happy with him. I let him know it.” He didn’t respond to a follow-up question on whether he was trying to remove him.
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