Trump Stands Firm on Powell, Amidst Tariff Drama

In a recent interview, President Trump affirmed that Jerome Powell would remain as the Federal Reserve Chairman until 2026. Trump expressed dissatisfaction with Powell's reluctance to lower interest rates. The President's statements aim to ease concerns over market volatility and ongoing tariff negotiations.

Amidst ongoing tensions over tariffs, U.S. President Donald Trump declared he will not replace Federal Reserve Chairman Jerome Powell before his term concludes in 2026. Despite describing Powell as 'a total stiff,' Trump expects eventual interest rate cuts.

During an NBC News interview, Trump repeatedly emphasized Powell's lack of support for him but underscored his commitment to retaining Powell until 2026. The president's comments sought to allay market anxieties sparked by his sharp criticisms of Powell, which previously caused dramatic stock market fluctuations.

Trump's administration navigates complex trade negotiations with over 15 countries, while substantial tariffs remain in place. Although relations with China are tense, Trump noted Beijing's eagerness to reach a trade agreement, which he insists must be equitable.

(With inputs from agencies.)