Trump Rules Out Firing Powell While Pushing Him to Cut Rates (1)

President Donald Trump insisted he doesn’t plan to fire Federal Reserve Chair Jerome Powell despite his sustained criticism over the pace of interest rate cuts.

“Why would I do that?” he said in an interview on NBC’s Meet the Press with Kristen Welker that aired Sunday. “I get to replace the person in another short period of time.”

On Wednesday, Trump issued another denunciation of the central bank chief as as the president faces growing pressure from the backlash to his sweeping deployment of tariffs.

Powell’s term as chair ends in May 2026.

Fed officials are widely expected to hold ...