U.S. President Donald Trump has recently hinted that Federal Reserve Chair Jerome Powell might soon bid farewell. Trump said that a rate cut could make the US markets more attractive to buyers, while Powell believes in a steady market. However, despite all the internal feuds, Trump added he will miss Powell when he leaves.
Is Jerome Powell Leaving As Fed Chair?
During a recent tour through the Fed’s ongoing renovation project, President Trump said it is highly unlikely to terminate Powell, unless he has to leave for fraud. However, that statement seems to have changed completely, as in a recent interview in Scotland, Trump said Powell is leaving very soon.
Trump said that Powell should cut the interest rate as “A smart person would cut.” He…
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