Trump Affirms Support for Federal Reserve Chairman Powell

April 23, 2025 - 12:59

In a recent statement to reporters, President Trump expressed his commitment to Federal Reserve Chairman Jerome Powell, asserting, "I have no intention of firing" him. This declaration comes amid ongoing discussions about the direction of U.S. monetary policy and the need for interest rate adjustments.

Despite his support for Powell, Trump has been vocal about his desire for the Federal Reserve to lower interest rates. The President believes that reduced rates could stimulate economic growth and enhance job creation. His comments reflect a broader sentiment among some business leaders and economists who argue that lower borrowing costs would benefit both consumers and businesses.

The relationship between the White House and the Federal Reserve has often been scrutinized, particularly during times of economic uncertainty. Trump's reassurance of Powell's position may signal an effort to maintain stability within the central bank as it navigates complex economic challenges. The future of U.S. monetary policy remains a critical topic as the economy continues to evolve.