Trump: No plans to fire Fed Chair Powell, but wants lower rates

Nandita Bose - Reuters - 00:25
President Donald Trump said on Tuesday he has no plans to fire Federal Reserve Chair Jerome Powell, but said he wants interest rates to be lower, remarks that could defuse tensions over the central bank chief's future that have rattled investors.
WASHINGTON, April 22 (Reuters) - President Donald Trump said on Tuesday he has no plans to fire Federal Reserve Chair Jerome Powell, but said he wants interest rates to be lower, remarks that could defuse tensions over the central bank chief's future that have rattled investors.
"I have no intention of firing him," Trump told reporters in the Oval Office on Tuesday. "I would like to see him be a little more active in terms of his idea to lower interest rates," he added.

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Trump's statement was the first de-escalation after days of withering criticisms he ...
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