Trump Warns Powell Won’t Be ‘Very Happy’ If He Stays on at Fed

President Donald Trump suggested that Jerome Powell would not enjoy his tenure if he stayed on the Federal Reserve’s Board of Governors after his term as chair expired, in the latest broadside against the central bank chief.

“We’ll see how it all works out,” Trump said in an interview from Davos, Switzerland with CNBC that aired Wednesday. But when pressed on Powell potentially staying on as a Fed governor until 2028, Trump who has been searching for a replacement chair, cautioned that “if that happens, his life won’t be very, very happy, I don’t think.”