Won't remove Fed Chair Powell before term ends in 2026: US President Trump

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Won't remove Fed Chair Powell before term ends in 2026: US President Trump - Business Standard

Quick Summary:

On April 2, Trump imposed a 10% tariff on most countries, along with higher tariff rates for many trading partners that were then suspended for 90 days.

The comments aired on Sunday were the clearest indication yet that the U.S.president would keep Powell in place, which could reassure markets deeply unsettled by Trump's moves to upend the global trading system with a tsunami of tariffs.

Trump's administration is negotiating with over 15 countries for trade deals that could avert the higher tariffs, and officials say the first deal could be announced soon.