Donald Trump says he won’t try to remove Fed chief Jerome Powell

(CNBC) President-elect Donald Trump said he will not try to replace Federal Reserve Chair Jerome Powell, whose term runs through May 2026. In an interview with “Meet the Press” moderator Kristen Welker, Trump said, “I don’t,” when asked if he plans to cut short the central bank chief’s term. “The chairman of the Federal Reserve, Jerome Powell, said he will not leave his post even if you ask him to. Will you try to replace Jerome Powell?”

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