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Donald Trump has said he will not try to unseat Federal Reserve Chairman Jerome Powell in January.
When asked by US reporters whether he would make a change in January, he said: “No, I don’t think so”, despite having previously argued with Powell over interest rate levels.
It follows comments by Powell that he would refuse to leave his post early if Trump tried to oust him.
Powell said that removing any of the Federal Reserve governors before the end of their term was “not permitted by law.”
In pink: Donald Trump has said he will not try to overthrow Federal Reserve Chairman Jerome Powell in January
Powell’s term as central bank chairman will extend until May 2026.
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