President-elect Donald Trump remains likely to allow Federal Reserve Chair Jerome Powell to serve out the remainder of his term, which expires in May 2026, according to a senior adviser to Trump who requested anonymity to describe private conversations.
https://edition.cnn.com/2024/11/07/politics/trump-fed-chair/index.html
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It looks like President-elect Donald Trump is likely to let Federal Reserve Chair Jerome Powell finish his term, which runs out in May 2026 ยน. This news comes from a senior adviser to Trump who wanted to stay anonymous. It's interesting because Trump has been critical of Powell and the Federal Reserve in the past. Some even wondered if Trump would try to fire Powell, but it seems like that's not the case for now. This decision could bring some stability to the markets and the Federal Reserve.
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