Trump Rules Out Firing Fed Chair Before 2026

President Donald Trump has confirmed in a televised NBC interview that he will not remove Federal Reserve Chairman Jerome Powell before Powell's term expires in May 2026, despite persistent criticism of Powell's approach to interest rates. Trump emphasized that he would wait to appoint a successor, aiming to reassure markets and underscore respect for the Fed's independence following earlier market volatility sparked by his threats. He reiterated his support for aggressive trade measures, stating the U.S. is 'going cold turkey' on trade with China and suggesting some tariffs on foreign goods could become permanent to bolster domestic manufacturing. The Trump administration is actively negotiating with over 15 countries for new trade agreements, with the possibility of announcements in the near future. These stances reflect Trump's push for looser monetary policy and a hardline approach to international trade. His comments come amid ongoing concerns about economic stability and the direction of U.S. economic policy.