Trump Revokes Threat to Remove Powell, Pushing for Immediate Interest Rate Drops

President Donald Trump has reversed his previous calls to dismiss Federal Reserve Chair Jerome Powell from office. Despite past criticisms, Trump now intends to allow Powell to serve his term but remains vocal about his dissatisfaction with the Fed’s current interest rate policies. During a recent event, Trump reiterated his request for immediate rate cuts and warned of potential economic slowdown if the Fed does not act promptly. He emphasized this timing as crucial for stimulating growth.