BREAKING: Donald Trump Puts an End to Allegations That He Will Fire FED Chairman Jerome Powell

US President Donald Trump has backed down from the idea of dismissing Fed Chair Jerome Powell.

Trump called Powell “doing a terrible job,” pointing to eight months after her term expires and adding, “Well make a change then.”

According to US media reports, Trump recently asked Republican members of Congress during a closed-door meeting whether they should consider firing Powell. Some in the room suggested Trump was serious about the matter and might take action. However, according to constitutional authority, a president does not have the authority to directly fire a Fed Chair.

Trump continued his harsh criticism of Powell. “She‘s always too late, that’s why I nicknamed her ‘Too Late,’” Trump said, accusing Powell of making interest rate cut decisions to benefit Democrats politically.

It was noted that Powell was first appointed to the position by Trump in 2017, and Trump expressed his surprise, saying, “I was surprised she was appointed.” However, Trump directed his main criticism at President Joe Biden, arguing that Powell should not be reappointed for a second term.