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Trump says he won’t remove Fed chair Powell before term ends in 2026
U.S. President Donald Trump said he will not remove Jerome Powell as Federal Reserve Board Chairman before his term ends in May 2026 while describing the central banker as “a total stiff” and repeating calls for the Fed to lower interest rates. In an interview with “Meet the Press with Kristen Welker” on NBC News airing on Sunday, Trump said Powell was no fan of his, but he expected the Fed to lower interest rates at some point.