Trump: 'No Intention to Dismiss Powell... Rate Cuts Should Be Hastened'

Uk Jin

Summary

President Trump stated that he has no plans to dismiss Federal Reserve Chairman Powell.
President Trump expressed his desire for Chairman Powell to take a proactive stance on rate cuts.
He emphasized the need to hasten rate cuts.

U.S. President Donald Trump responded to a reporter's question about whether he would fire Federal Reserve Chairman Jerome Powell by saying, "I have no intention of doing so."

On the 22nd (local time), President Trump made this statement while attending the nomination ceremony for the Securities and Exchange Commission (SEC) Chairman at the White House.

However, President Trump also expressed that "Chairman Powell should take a more proactive stance on rate cuts," emphasizing that rate cuts should be hastened.