Trump Criticizes Federal Reserve Chair Powell but Rules Out Dismissal
U.S. President expresses discontent with monetary policy while maintaining Powell's position.
U.S. President Donald Trump has publicly criticized Federal Reserve Chair Jerome Powell, labeling him as "total stiff" but has affirmed that he will not dismiss Powell before the end of his term in May 2026. In an interview aired by NBC, Trump dismissed the idea of replacing Powell, stating, "No, no, no.
Why would I do that?" This statement marks a notable shift as it hints at Trump allowing Powell to complete his term, given recent concerns about the independence of the Federal Reserve.
Simultaneously, Trump reiterated his disagreement with Powell's decisions regarding interest rates, demanding that they be lowered.
He asserted in the NBC interview that Powell would eventually comply with his wishes, attributing Powell's reluctance to personal animosity towards the President.
Trump's ongoing critique of Powell comes in the wake of significant stock market fluctuations, particularly following intensified criticisms that had raised alarms regarding the Federal Reserve's autonomy.
In addition to his remarks on Powell, Trump discussed plans to build a grand ballroom at the White House, stating that he would fund the project himself or seek donations, ensuring that taxpayer money would not be used.
Trump highlighted the current practice of holding events in tents on the White House lawn as inadequate and expressed confidence in collecting sufficient donations to fund the ballroom, although he acknowledged it would require a considerable financial investment.
Furthermore, Trump made headlines with renewed statements regarding Greenland, reiterating a controversial stance on potentially acquiring the territory using military action if necessary.
During the same NBC interview, he claimed that the United States urgently needs Greenland for national security, invoking the relatively small population to underscore his viewpoint on the territory's strategic importance.
The recent developments reflect Trump's continuing engagement in domestic policy discussions and international relations, while maintaining a focus on his administration's priorities in an increasingly complex political landscape.
Why would I do that?" This statement marks a notable shift as it hints at Trump allowing Powell to complete his term, given recent concerns about the independence of the Federal Reserve.
Simultaneously, Trump reiterated his disagreement with Powell's decisions regarding interest rates, demanding that they be lowered.
He asserted in the NBC interview that Powell would eventually comply with his wishes, attributing Powell's reluctance to personal animosity towards the President.
Trump's ongoing critique of Powell comes in the wake of significant stock market fluctuations, particularly following intensified criticisms that had raised alarms regarding the Federal Reserve's autonomy.
In addition to his remarks on Powell, Trump discussed plans to build a grand ballroom at the White House, stating that he would fund the project himself or seek donations, ensuring that taxpayer money would not be used.
Trump highlighted the current practice of holding events in tents on the White House lawn as inadequate and expressed confidence in collecting sufficient donations to fund the ballroom, although he acknowledged it would require a considerable financial investment.
Furthermore, Trump made headlines with renewed statements regarding Greenland, reiterating a controversial stance on potentially acquiring the territory using military action if necessary.
During the same NBC interview, he claimed that the United States urgently needs Greenland for national security, invoking the relatively small population to underscore his viewpoint on the territory's strategic importance.
The recent developments reflect Trump's continuing engagement in domestic policy discussions and international relations, while maintaining a focus on his administration's priorities in an increasingly complex political landscape.
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