Summary
- President Trump has announced that he has no plans to dismiss Fed Chairman Jerome Powell.
- White House officials also stated there are no active plans to dismiss Chairman Powell, and noted concerns regarding the reaction of the financial markets.
- President Trump recently criticized Chairman Powell's interest rate policy and urged the Fed to move quickly on a rate cut.
U.S. President Donald Trump stated that he has "no plans to dismiss" Jerome Powell, chairman of the Fed.
According to CNN on the 11th (local time), when a CNN reporter asked President Trump about this issue on the South Lawn of the White House, he replied, "I have no intention of dismissing Powell."
Previously, White House officials also commented, "There are no active plans to dismiss Chairman Powell," and explained, "Advisors are dissuading this due to legal constraints and concerns about the reaction of financial markets."
Recently, President Trump has strongly criticized Chairman Powell's interest rate policies and has been urging the Fed to cut rates swiftly.
JH Kim
reporter1@bloomingbit.ioHi, I'm a Bloomingbit reporter, bringing you the latest cryptocurrency news.
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