✨ Read this insightful post from PBS NewsHour – Politics 📖
📂 **Category**: Donald Trump news,Federal reserve,interest rates,Jerome Powell
✅ **What You’ll Learn**:
President Donald Trump said at his Cabinet meeting that he will announce “next week” his choice to replace Jerome Powell as Chairman of the Federal Reserve.
He criticized Chairman Powell for not lowering benchmark interest rates as low as Trump wanted. Powell insisted that the Fed remain independent of policy and make its choices based on inflation and labor market data.
He watches: Powell holds a press conference after the Fed left interest rates unchanged
Although Powell’s term as chairman ends in May, he could remain on the Board of Governors until 2028 and block Trump’s ability to appoint someone new to the board as chairman.
Trump said his pick would do a “good job” and that he wants the Fed to cut interest rates when there are signs of economic growth.
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🕒 **Posted on**: 1769722357
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