President Donald Trump has calmed investor concerns by stating that he does not plan to remove Federal Reserve Chairman Jerome Powell from his position. Trump’s remarks come amid market volatility and speculation over potential tensions between the White House and the Fed.
The reassurance aims to provide stability to financial markets, which closely monitor the relationship between the executive branch and the Federal Reserve. Maintaining the independence of the Fed is seen as crucial for economic stability and investor confidence.
Trump’s commitment to keeping Powell in place signals a continued respect for the traditional separation between the U.S. government and the nation’s central banking system.
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