The president of the United States, Donald Trump, speaks at the White House in Washington, DC, USA, April 22, 2025.
Kevin Lamarque | Reuters
President Donald Trump said Tuesday that “he has no intention” to say goodbye to the president of the Federal Reserve, Jerome Powell, before his mandate leads the United States Central Bank ending next year.
“None at all,” Trump said in the Oval office when asked to clarify that he did not filter the filtration elimination. “I never did.”
The comment represents a dramatic change for Trump, who has recently increased his rhetoric against Powell and refused to rule out the possibility of prohibiting the unprecedented step to fire him.
Trump, who has accumulated pressure on the fed chair to reduce interest rates in the hope of going to economic growth, Powell said last week: “If I want it outside there, it will come out very fast.”
The president of the Federal Reserve, Jerome Powell, leaves after talking to Dr. Raghuram Rajan, professor of finance at the Booth school at the University of Chicago, duration, an Economic Club of Chicago event on April 16, 2025 in Chicago, Illinois.
Vincent Alban | Getty images
The Economic Advisor of the White House, Kevin Hasters, said Friday that Trump and his assistants were actively studying the possibility of saying goodbye to Powell.
Powell, whom Trump appointed the duration of his first mandate as president, will serve as president of the Fed until May 2026. He has flatly declared that the president cannot eliminate him under the law.
Trump dismissed his most incendiary criticism or Powell on Monday, calling him a “great loser” and urging him to reduce the rates immediately.
But when he had dinner on Tuesday afternoon about the possibility of saying goodbye to Powell, Trump said: “The press escapes with things.”
“No, I have no intention of saying goodbye,” Trump told journalists after a ceremony that swore in Paul Atkins as president of the United States Stock Exchange and Securities Commission.
“I would like to see that it is a bit more active in terms of your idea to reduce interest rates,” added the president. “This is a perfect time to reduce interest rates.”
These are last -minute news. Update the updates.
– The CNBC in Doherty contributed to this report.