President Donald Trump insisted that he did not plan to fire the president of the federal reserve Jerome Powell despite his criticism supported at the rate of interest rate cuts.
“Why would I do that?” He said in an interview on NBCMeet the press with Kristen Welkerwhich broadcast on Sunday. “I can replace the person in another short period of time.”
Trump on Wednesday expressedAnother denunciationFrom the head of the central bank, the president faces increasing pressure of the reaction to his deployment of prices.
Powell's mandate as president ended in May 2026.
Fed officials are largely supposedStable maintenance rateWhen they meet in Washington Tuesday and Wednesday. While the concerns of a possible recession rise, government data have shown a177,000 jumpsIn April, wages.
If the Fed refuses to reduce rates, Powell, which was appointed by Trump in 2018, could face even more pressure.
Trump said that in the interview recorded on Friday that Powell did not want to reduce prices “because he is not a fan of me. You know, he just doesn't like me because I think he's a stiff total.”
Senior aid, including the Treasury Secretary Scott Bessent, urged Trump to appease the nervous markets, clearly showing that he did not plan to remove Powell, Bloomberg reported. In mid-April, Trump sparked fears by saying in an article on social networks that “the end of Powell cannot come quickly enough!” Followed by the oval office remarks to journalists that “if I want it, it will be released from there very quickly, believe me”.
Trump also defended his mass deportations of undocumented migrants and complained about legal decisions requiring that the administration gives immigrants regular procedure before expelling them.
When asked if he needed to maintain the Constitution, Trump said, “I don't know.”
He added: “I have to answer by saying, once again, I have brilliant lawyers that work for me, and they will obviously follow what the Supreme Court said.”
Trump also defended his pricing policy, saying that companies are starting to move production facilities in the United States. He added that he did not exclude making the prices permanent.
“I wouldn't do that, because if someone thought they were going to get out of the table, why build themselves in the United States?” He said.
The president was asked again if he planned to appear to a third term, even if it is prohibited by the Constitution. On March 30, he told NBC that “many people wanted me to do it” but it was too early to make a decision. Sunday, he seemed to exclude him.
“This is not something I seek to do,” he said, while quoting vice-president JD Vance and Secretary of State Marco Rubio as possible successors. “I am trying to spend four big years and put it back to someone, ideally a great republican, a great republican to make him move forward.”
This story was initially presented on Fortune.com
