AssetID: 54682934
Headline: UNCAPTIONED: Trump Backs Powell—But Urges More Rate Cuts
Caption: Trump Backs Powell—But Urges More Rate Cuts. President Donald Trump says he has no plans to fire Federal Reserve Chair Jerome Powell, despite a string of sharp criticisms. Speaking from the Oval Office, Trump said he wants Powell to be “more active” in lowering interest rates though he insisted the Fed chief’s job is safe—for now. Last week, Trump called Powell “a major loser,” a jab that rattled financial markets before a modest recovery. His comments followed reports that the White House was exploring whether it could legally remove the Fed chair—something no U.S. president has ever done. Trump first nominated Powell in 2017 and Biden reappointed him in 2021. So far this year, the Fed hasn’t cut rates, and only lowered them by a percentage point in late 2024. Instructions: THIS VIDEO MUST NOT BE EDITED FOR LENGTH TO COMBINE WITH OTHER CONTENT
Keywords: Current Affairs & Politics,US President,Donald Trump,back,Fed,Federal Reserve,Chair,Jerome Powell,lower,interest rates,major loser,criticism,personal,no plans,fire,Oval Office,more active,job is safe
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