Federal Reserve Chairman Jerome Powell responds to Donald Trump: Has no intention of resigning before the investigation is concluded
Svmuu News: U.S. President Donald Trump has stated that if Federal Reserve Chairman Jerome Powell remains in office after his term expires, he will dismiss him. According to the schedule, Jerome Powell’s term as chairman is set to end on May 15. In an interview, Donald Trump said, “If he doesn’t leave, then I’ll have to fire him.”It is reported that Jerome Powell, the nominee put forward by Donald Trump, has not yet been confirmed by the Senate. This means that during the transition period, may continue to serve in the role of “acting chairman.” Jerome Powell has previously stated that if his successor is not confirmed, he will remain in office in accordance with the law. Additionally, the U.S. Department of Justice is currently investigating the renovation project at Federal Reserve’s headquarters. Donald Trump He has repeatedly criticized Jerome Powell for failing to cut interest rates as he desired and has questioned the costs of the related projects, claiming that “corruption or serious mismanagement may be involved.” Jerome Powell responded by stating that he has no intention of resigning before the investigation concludes, emphasizing that he will fulfill his duties until the investigation is “completely concluded with a transparent outcome.” (CCTV News)
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