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Trump Says He’s ‘Not A Fan’ of Powell, Wouldn’t Reappoint Him to Fed
Former President Donald Trump said if reelected, he would not reappoint Federal Reserve Chairman Jay Powell when the central bank leader’s term expires in 2026. “I am not a fan of Jay Powell,” Trump said in an interview with Fox Business News. Trump appointed Powell to lead the Federal Reserve, but began criticizing his leadership within months because he believed the central bank went too far raising rates and slimming its bond holdings following the Great Recession. In 2019, Trump said he had the right to demote or fire Powell and publicly questioned whether the Fed chief or Chinese leader Xi Jinping was a ... (full story)
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