Donald Trump He assured this Tuesday in an interview that if he manages to win the elections in USA, will keep Jerome Powell at the head of the Federal Reserve(Fed) until his term ends. He has also indicated that he considers the JP Morgan CEO Jamie Dimonas a possible Treasury Secretary to replace Janet Yellen.
Powell’s term as Fed chair ends in early 2026, although his position as Fed governor continues until Jan. 31, 2028.
Powell said Monday that he has no plans to leave his post at the head of the US central bank before the end of his term.
The current Fed chairman was first appointed as a member of the Federal Reserve Board of Governors by former President Barack Obamabut it was Trump who chose him to lead the US Central Bank, a position he assumed in early 2018.
Elections 2024: What else did Trump say?
However, after appointing him, he was very critical of him and the rate hikes he carried out during his first year in office, and even talked about dismissing him..
Trump He also spoke in the interview about the inflation and interest rates and stated clearly that opposes a rate cut before the November elections – the first Fed cut is expected to take place in September – because that would give a boost to the economy, but also to Biden’s presidency.That’s something they shouldn’t do.“, he warns.
The interview was conducted at the end of June,before the former US president suffered an attack this past Saturday in which he was slightly injuredAt a rally in Pennsylvania, a gunman opened fire on Trump and attendees, killing one person. The attacker, a 20-year-old, was shot dead.
Source: Ambito
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