At a White House briefing on Thursday, President Donald Trump said he would not remove Federal Reserve Chair Jerome Powell from his position, despite ongoing public criticism of the Fed’s interest-rate policies.
The president voiced frustration over the Fed’s reluctance to lower rates and said he “may have to force something” to encourage rate cuts, though he did not offer any specifics about what measures he might take. His remarks reflected impatience with the pace of monetary easing amid concerns about economic growth.
Trump reiterated sharp criticism of Powell’s handling of policy, using strong language to describe his view of the Fed chair, but confirmed that Powell would remain in office. In the same briefing, the president also expressed concern about rising oil prices and their potential impact on the economy.
Observers noted the contrast between Trump’s public frustration and his decision to keep Powell in place. The episode highlighted ongoing tensions between the White House and the Federal Reserve over interest-rate strategy, while reaffirming that, despite raised voices and pointed comments, the administration was not pursuing a change in Fed leadership at that time.