Trump says he would probably let Powell continue on Fed board

Former US president Donald Trump said he would likely allow Jerome Powell to serve out his term as chair of the Federal Reserve Board until 2028, if Trump is elected again.

“I’ve had my own disputes with him,” Trump said in an interview with Bloomberg. “But no, I would, I would let him serve it out especially if I thought he was doing the right thing.”

Trump hinted that his view of “doing the right thing” was to keep interest rates unchanged. “Right now, you have to keep rates where they are

Copyright Infopro Digital Limited. All rights reserved.

You may share this content using our article tools. As outlined in our terms and conditions, https://www.infopro-digital.com/terms-and-conditions/subscriptions/ (clause 2.4), an Authorised User may only make one copy of the materials for their own personal use. You must also comply with the restrictions in clause 2.5.

If you would like to purchase additional rights please email info@centralbanking.com

by :

Source link

Capital Media

Read Previous

Rate for : SINGAPORE

Read Next

Preliminary estimates of International Investment Position as at end-March 2024 (Rupees and USD)