Donald Trump says

US President Donald Trump said on Tuesday that he does not plan to remove Federal Reserve President Jerome Powell, even renewed his call for the central bank for low interest rates. Speaking at a White House program, Trump tried to reduce market concerns with speculation about Powell’s future. “I have no intention of firing,” Trump said, “I have no intention of firing,” Trump said.
financial markets Recently saw a sharp sale, as investors were worried that Trump could try to get Powell out. Stocks, bonds and dollars all took a hit amid uncertainty. According to reports, Trump’s advisors have warned him that removing Powell will not only be legally complicated, but can also spoil the market volatility.
Trump is unhappy with Powell’s trend at interest rates. The Federal Reserve has so far protested against reducing rates, citing inflation concerns. Last week, Powell said that the tariff imposed by the Trump administration was likely to increase inflation and low economic growth. He also insisted that the Fed had the duty to maintain price pressure, suggesting that the possibility of cutting the interest rate was not in the short term.

Trump strongly reacted to Powell’s comments. On Monday, he accused the fed chair of being “too late” and being a “major lose”, saying that the economy faced a slowdown until the rates were immediately cut.
Trump wrote on social media, “With these costs, it is running down so well, just the prediction I made can be almost no inflation, but the economy can slow down at the slow pace of the economy until Mr. to Late, a major loser, reduces the interest rates,” so far, wrote on social media, mentioning the Pales.
Although Trump now says that Powell’s job is safe, his repeated public criticism has raised questions about Fed’s freedom. This case can be even more important, the Supreme Court also impressed the federal reserve along with preparations for the President’s right to remove the officials of independent federal agencies.