14:04
Trump said he would "not hesitate for a second" to fire Powell, but is concerned this would disrupt the markets.
According to Jincai Finance, U.S. President Trump spoke again about the issue of Fed Chair Powell's tenure during an interview on Friday local time. He stated that he is "very likely" not to dismiss him before the end of Powell's term because some have advised him not to do so, arguing that "it would disrupt the market." "I wouldn’t hesitate for a second to remove him," Trump said, "but they said it would disrupt the market, and anyway he will be gone in seven or eight months, at which point I will replace him with my own person." Earlier on Friday, Trump also mentioned that Powell should resign like Fed Governor Adriana Kugler.
TRUMP-2.54%