CandleFocus Trump adviser says Powell will likely keep Fed role until 2026
2024-11-07
Author: Content Editor
Federal Reserve Chair Jerome Powell is expected to remain in his position until May 2026 if Donald Trump is re-elected as President, according to an anonymous senior adviser. Trump and his economic team currently support Powell's leadership as the central bank prepares to lower interest rates. Powell, who was initially appointed by Trump in 2018 and received a second term appointment from President Joe Biden, has had a contentious relationship with Trump in the past. However, Powell's recent speech at Jackson Hole, in which he hinted at a forthcoming adjustment in interest rates, led to a surge in the price of Bitcoin.
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