Trump Says He Would Let Fed Chair Jerome Powell Finish His Term, Shifting Stance on His Previously Strained Relationship
Trump told Bloomberg Businessweek that he would allow Federal Reserve Chair Jerome Powell to complete his term at the central bank if Trump wins the November election. Powell was nominated by President Biden to serve a second four-year term as Fed chair in May 2022. Powell is also a Fed governor until January 2028. This marks a change for Trump, who had a strained relationship with Powell and criticized his interest rate policies in the past. As recently as February 2024, Trump said he would not reappoint Powell, calling him "political."
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00:00It's Benzinga, and here's what's on the block.
00:03Trump told Bloomberg Business that he would allow Federal Reserve Chair Jerome Powell
00:06to complete his term at the Central Bank if Trump wins the November election.
00:10Powell was nominated by President Biden to serve a second four-year term as Fed Chair
00:14in May 2022.
00:16Powell is also a Fed Governor until January 2028.
00:20This marks a change for Trump, who had a strained relationship with Powell and criticized his
00:25interest rate policies in the past.
00:27As recently as February 2024, Trump said he would not reappoint Powell, calling him
00:31political.
00:32For all things money, visit Benzinga.com.