Trump: No Plans to Remove Fed Chair Powell, Claims Superior Business Acumen
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Moneycontrol•15-01-2026, 08:31
Trump: No Plans to Remove Fed Chair Powell, Claims Superior Business Acumen
- •US President Donald Trump stated in a Reuters interview that he has no plans to remove Federal Reserve Chairman Jerome Powell.
- •Trump justified his criticism of Powell, asserting his superior understanding of business compared to 'Too Late Jerome Powell'.
- •The Justice Department has launched an investigation into the central bank’s renovation project, serving the Fed with grand jury subpoenas.
- •Trump demanded loyalty from Republicans after some senators questioned the Justice Department's investigation.
- •Despite the ongoing investigation, Trump plans to nominate Powell's replacement within 'the next few weeks', praising potential candidates Kevin Hassett and Kevin Warsh.
Why It Matters: Trump denies plans to fire Fed Chair Powell but continues to criticize his policies and hints at future replacement.
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