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‘Whatever’: Trump now OK with Fed holding or raising rates as long as Powell not chair

Trump spent the first year and a half of his term bullying former Fed Chair Jerome Powell over his refusal to lower interest rates fast enough for the president’s liking...

News Desk

Staff Writer

Published

Jun 18, 2026

Source

The Independent

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‘Whatever’: Trump now OK with Fed holding or raising rates as long as Powell not chair

AI Insight:Trump's sudden change in stance highlights the significant influence of the Federal Reserve Chair on the president's economic policies.

In a surprising shift, former US President Donald Trump has expressed acceptance of the Federal Reserve's monetary policy decisions, including holding or raising interest rates, as long as Jerome Powell is not the Chair of the Federal Reserve. Trump spent the first year and a half of his term bullying former Fed Chair Jerome Powell over his refusal to lower interest rates fast enough for the president's liking, often publicly criticizing Powell's decisions. However, in a recent statement, Trump seemed to soften his stance, indicating that he would be more accepting of the Fed's actions if Powell were no longer at the helm. This sudden change in attitude highlights the significant influence of the Federal Reserve Chair on the president's economic policies and underscores the importance of the Fed's role in shaping the country's monetary policy.