President Donald Trump said Tuesday he has no plans to fire Federal Reserve Chairman Jerome Powell, as the president continued his pressure on the central bank to lower interest rates.
“I have no intention of firing him,” Trump said on April 22 in the Oval Office, after a swearing-in ceremony for new Securities and Exchange Commission Chairman Paul Atkins. “I would like to see him be a little more active in terms of his idea to lower interest rates. This is a perfect time to lower interest rates.”
The remark marked a notable shift in tone after days of criticism. Just one day earlier, Trump called Powell “Mr. Too Late” in a social media post, accusing him of potentially slowing down the U.S. economy by keeping rates too high….