The President of the Federal Reserve Powell will not be separated, but he must reduce interest rates

president Donald Trump He said on Tuesday that he “has no intention” fire Federal Reserve Chairman Jerome Powell Before his term, the US central bank ends next year.

“Nothing is at all,” Trump said at the Oval Office. “You did not.”

The comment is a dramatic transformation for Trump, who recently intensified his speech against Powell and refused to exclude the possibility of taking an unprecedented step in shooting him.

Futures in the United States It rose sharply across the main indexes after the last Trump’s comments.

“If you want to get out of there, it will be fast,” Trump, who incurred pressure on the Federal Reserve Chair to reduce interest rates in the hope that he will wander in economic growth.

White House Economic Adviser Kevin Haysit On Friday, Trump and his aides were actively studying the possibility of launching Powell.

Powell, who was appointed by Trump during his first term as president, is scheduled to be the head of the Federal Reserve until May 2026. He brilliantly stated that the president could not remove him under the law.

On Monday, Trump launched his most burning criticism of the height so far, describing him as a “big loser” and urged him to reduce prices immediately.

But when he was asked on Tuesday afternoon about the possibility of Powell, Trump said: “The press escapes things.”

“No, I have no intention to shoot him,” Trump told reporters after a ceremony that was sworn in Paul Atkins as head of the US Securities and Exchange Committee.

“I would like to see him more active in terms of his idea of ​​reducing interest rates,” the president added. “This is the perfect time to reduce interest rates.”

Trump’s comments came after the main stock indicators in the United States closed much higher, as it recovered from a highly slope sale on Monday, which was partially linked to at least to the concerns that Trump’s attacks on Powell.

some Critics and Analysts He warned that the president, who removes the head of the Federal Reserve, who works traditionally independently of the government, will lead to panic in the market.

– Erin DOHERTY of CNBC contributed to this report.