AP Business SummaryBrief at 8:01 p.m. EDT

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Trump says he has 'no intention' of firing Federal Reserve chair

Trump says he has 'no intention' of firing Federal Reserve chair WASHINGTON (AP) — President Donald Trump said Tuesday he has no plans to fire Federal Reserve Chair Jerome Powell, just days after his statement that he would like to terminate the head of the U.S. central bank caused a stock market selloff.

Trump told reporters, “I have no intention of firing him." The U.S.



president had previously insinuated otherwise as he said he could fire Powell if he wanted to, having been frustrated by the Fed putting a pause on cuts to short-term interest rates. Javascript is required for you to be able to read premium content. Please enable it in your browser settings.

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