Republican presidential candidate Donald Trump said that he would allow Federal Reserve Chair Jerome Powell to finish his term at the helm of the central bank if he wins the November election.
"I would let him serve it out, especially if I thought he was doing the right thing," Trump said, according to a Bloomberg News interview that took place in June.
Although he was nominated to lead the central bank by Trump in 2017, Powell faced relentless criticism from the former president, who repeatedly threatened to fire the Fed chief and admonished him as a "bonehead" for raising interest rates. In nominating Powell, Trump also broke with precedent in passing over Janet Yellen, the former Fed chair who was nominated by then-President Barack Obama, for a second term.
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"I would let him serve it out, especially if I thought he was doing the right thing," Trump said, according to a Bloomberg News interview that took place in June.
Although he was nominated to lead the central bank by Trump in 2017, Powell faced relentless criticism from the former president, who repeatedly threatened to fire the Fed chief and admonished him as a "bonehead" for raising interest rates. In nominating Powell, Trump also broke with precedent in passing over Janet Yellen, the former Fed chair who was nominated by then-President Barack Obama, for a second term.
Trump says he would allow Fed Chair Powell to finish his term if re-elected
Former President Donald Trump said in an interview with Bloomberg that he would allow Jerome Powell to finish his term as chair of the Federal Reserve.
www.foxbusiness.com
