Donald Trump has stated he does not plan to fire Federal Reserve Chair Jerome Powell, despite previously criticizing him as a “major loser.” Trump indicated that he would prefer Powell to lower interest rates and suggested that the current 145% tariffs on China could be reduced, although not to zero. His comments come amid stock market volatility linked to his tariffs and concerns over his relationship with the Fed, as Powell has warned that these tariffs could exacerbate inflation.
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