WASHINGTON: President Donald Trump said on Tuesday he has no plans to fire Federal Reserve Chair Jerome Powell, but said he wants interest rates to be lower, remarks that could defuse tensions over the central bank chief\u2019s future that have rattled investors.
\n\u201cI have no intention of firing him,\u201d Trump told reporters in the Oval Office on Tuesday. \u201cI would like to see him be a little more active in terms of his idea to lower interest rates,\u201d he added.
\nTrump\u2019s statement was the first de-escalation after days of withering criticisms he has lobbed at Powell for not further cutting interest rates since Trump resumed office in January.
\nThe broadsides were often accompanied by threatening remarks, such as last week\u2019s social media posting that Powell\u2019s termination as Fed chair \u201ccannot come fast enough,\u201d that spooked financial markets that view the Fed\u2019s independence as underpinning its credibility on the global financial stage.
\nBut while he seems to have set aside those threats for now, his criticisms of Fed rate policy remain just as pointed.
\n\u201cWe think that it\u2019s a perfect time to lower the rate, and we\u2019d like to see our chairman be early or on time, as opposed to late,\u201d Trump said.<\/p>\n","protected":false},"excerpt":{"rendered":"
WASHINGTON: President Donald Trump said on Tuesday he has no plans to fire Federal Reserve Chair Jerome Powell, but said he wants interest rates to be lower, remarks that could defuse tensions over the central bank chief\u2019s future that have rattled investors. \u201cI have no intention of firing him,\u201d Trump told reporters in the Oval …<\/p>\n","protected":false},"author":4,"featured_media":80030,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[],"class_list":["post-80015","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-world"],"_links":{"self":[{"href":"https:\/\/nabanews.pk\/en\/wp-json\/wp\/v2\/posts\/80015","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/nabanews.pk\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/nabanews.pk\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/nabanews.pk\/en\/wp-json\/wp\/v2\/users\/4"}],"replies":[{"embeddable":true,"href":"https:\/\/nabanews.pk\/en\/wp-json\/wp\/v2\/comments?post=80015"}],"version-history":[{"count":1,"href":"https:\/\/nabanews.pk\/en\/wp-json\/wp\/v2\/posts\/80015\/revisions"}],"predecessor-version":[{"id":80032,"href":"https:\/\/nabanews.pk\/en\/wp-json\/wp\/v2\/posts\/80015\/revisions\/80032"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/nabanews.pk\/en\/wp-json\/wp\/v2\/media\/80030"}],"wp:attachment":[{"href":"https:\/\/nabanews.pk\/en\/wp-json\/wp\/v2\/media?parent=80015"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/nabanews.pk\/en\/wp-json\/wp\/v2\/categories?post=80015"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/nabanews.pk\/en\/wp-json\/wp\/v2\/tags?post=80015"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}