Trump says he’s “highly unlikely” to fire Jerome Powell

President Donald Trump announced Wednesday that he is unlikely to fire Federal Reserve Chair Jerome Powell a day after indicating to House Republicans that he would In a meeting Tuesday night Trump queried a dozen House Republicans on whether he should fire Powell with The New York Times reporting that Trump had already drafted a termination letter Numerous of the gathered lawmakers reportedly approved Related Trump s resilient financial system hides cracks in job arena I talked about the concept of firing him I explained What do you think ' Trump commented Almost every one of them mentioned I should After the Tuesday meeting Rep Anna Paulina Luna R-Fla suggested Powell s termination was a done deal Hearing Jerome Powell is getting fired From a very serious source Luna wrote on X However by Wednesday Trump had walked the threat back saying he was highly unlikely to fire Powell He s doing a lousy job But no I m not talking about that We get fortunately we get to make a change in the next what eight months or so and we ll pick somebody that s good Trump declared Start your day with essential news from Salon Sign up for our free morning newsletter Crash Curriculum Powell appointed by Trump during his first administration is set to complete his term in May While Trump is denying plans to fire Powell he still left it as a possibility I don t rule out anything but I think it s highly unlikely unless he has to leave for fraud Trump revealed The Trump administration has been after Powell for months adamant that the Federal Reserve lower interest rates but Powell has refused due to uncertainty surrounding Trump s tariffs In the wake of his frustration with Powell Trump has suggested that there could be fraud related to the central bank s billion renovation project Read more about Trump and Powell Likely to generate inflation Fed Chair Powell paints bleak picture of US under Trump tariffs Progress may be delayed Powell blames stubborn inflation on Trump tariffs Can t come fast enough Trump seeks termination of Fed Reserve Chair Powell The post Trump says he s highly unlikely to fire Jerome Powell appeared first on Salon com