New York CNN —Former President Donald Trump said that if he is reelected, he would not reappoint Federal Reserve Chair Jerome Powell, accusing Powell of considering rate cuts to give Democrats an advantage in the 2024 elections. The former president said he has “a couple of choices” for the next Fed chair but declined to name them. Powell reiterated Wednesday the Fed is considering rate cuts to bring rates down from multi-decade highs designed to combat high inflation. Trump accused Powell of being “political,” adding to years of verbal attacks since Trump nominated him for Fed chair in 2017. Trump sparred with Powell almost immediately after he was appointed to the Fed, accusing Powell of hiking interest rates to harm the economy.

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Persons: Donald Trump, Jerome Powell, Powell, ” Trump, Maria Bartiromo, Trump, Joe Biden, it’s, ” Stocks, Biden’s, he’s, ” Powell, “, ” Organizations: New, New York CNN, Fox News Business, Bureau of Labor Statistics, Trump, Fed, Duke University, London Business School Locations: New York