Trump LIVE: Donald Trump Says He Has No Intention Of Firing FED Chair Powell | US Markets | N18G

President Donald Trump seemed to walk back his suggestion that he could fire Federal Reserve Chair Jerome Powell, after making statements that put the Fed's political independence at risk and caused a financial market selloff.

"I have no intention of firing him," Trump told reporters on Tuesday.

Trump had previously insinuated otherwise as he said he could fire Powell if he wanted to, having been frustrated by the Fed putting a pause on cuts to short-term interest rates. Powell has said that Trump's tariffs are creating uncertainty about slower growth and higher inflationary pressures, while the president maintains that inflationary worries are essentially non-existent.

#trump #jeromepowell #usstockmarket #usmarket #news18live

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