President Donald Trump has stated he has no intention of firing Federal Reserve Chair Jerome Powell, despite previous harsh criticisms regarding Powell's stance on interest rates. Trump's remarks indicate a de-escalation in tension between him and Powell. Although he wants Powell to be more proactive in lowering interest rates, he reassures the market of Powell's position, which had previously been threatened. Trump's comments come after he described Powell as 'a major loser,' reflecting his frustration over the current rate policies which he feels are not aggressive enough.
I have no intention of firing him. I would like to see him be a little more active in terms of his idea to lower interest rates.
We think that it's a perfect time to lower the rate, and we'd like to see our chairman be early or on time, as opposed to late.
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