President Trump expressed frustration with Federal Reserve Chairman Jerome Powell for not reducing interest rates. Although he initially stated that he is not planning to fire Powell, he later admitted that it is not entirely off the table unless fraud is involved. Trump has communicated with Republican lawmakers about the potential of firing Powell. Even with ongoing speculation regarding his job security, Powell indicated that he cannot be fired by the president before his term ends and that interest rates are set collectively by the Federal Reserve, not unilaterally.
Trump has voiced frustration with Jerome Powell, claiming that the Fed's caution regarding interest rates is detrimental to the economy. He expressed mixed signals about Powell's potential firing.
Despite initially stating he has no plans to fire Powell, Trump suggested the possibility to Republican lawmakers and indicated that he might act soon, citing potential fraud.
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