Trump, Dismisses Possibility Of Powell's Dismissal… “Interest Rate Cut Will Eventually Happen”

President Trump Drew The Line At Powell Dismissal (Source: Ft)

Donald Trump, The President Of The United States, Again Emphasized The Need For Interest Rate Cuts By The Federal Reserve (Fed), But Drew The Line At The Possibility Of Dismissing Chairman Jerome Powell During His Term.

In A Recent Interview, Trump Expressed Dissatisfaction, Saying "(Powell) Is Not Lowering Interest Rates Because He Is Not My Fan," But Mentioned, "At Some Point, (Interest Rates) Will Be Lowered." He Continued, "His Term Ends Next May, So Why Would I Replace Him Now," Showing A Negative Position On The Possibility Of Dismissal Before The End Of The Term.

Trump's Remarks On Interest Rate Issues Have Further Increased Market Interest In The Possibility Of Policy Changes By The Fed, In Line With Recent Economic Slowdowns. However, Instead Of Taking The Dramatic Step Of Dismissing Powell, Trump Appears To Be Adjusting The Level Of Pressure, Emphasizing That A Rate Cut Is Inevitable And Just A Matter Of Time.