Trump Says He Won’t Fire Powell, But Again Demands Rate Cut

Trump Calls for Fed Rate Cut, Says He Won't Fire Powell

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By Justin Sink

June 12, 2025 at 3:44 PM UTC

Updated on

June 12, 2025 at 4:12 PM UTC

President Donald Trump reiterated Thursday he did not plan to fire Federal Reserve Chair Jerome Powell, days after saying he would “soon” pick his nominee to lead the central bank next.

“The fake news is saying, ‘Oh, if you fired him, it would be so bad, it would be so bad.’ I don’t know why it would be so bad, but I’m not going to fire him,” Trump said at a White House event on Thursday.