Washington CNN —Republican presidential nominee Donald Trump would not fire Federal Reserve Chair Jerome Powell if the former president wins the election in November, according to a Bloomberg interview published Tuesday.
Powell, a registered Republican, was first tapped to helm the central bank by Trump in 2017.
That still wouldn’t stop Trump from pushing to oust Powell before the Fed head’s term concludes in 2026.
“He sued for reinstatement and even though he died while the litigation was pending, the Supreme Court still took up his case.
It answers to Congress, not the US president, according to the law that established the central bank.
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