At a White House briefing Thursday, President Donald Trump stated he would not fire Federal Reserve Chair Jerome Powell, despite his ongoing criticism of the Fed’s interest rate policies.
Trump expressed frustration with the lack of rate cuts and suggested he “may have to force something” to achieve lower rates, though he didn’t specify what actions he might take.
While criticizing Powell and calling him a “numbskull,” Trump confirmed the Fed Chair would keep his position. The President also voiced concerns about rising oil prices during the same remarks.