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President-elect Donald Trump has announced that he will not seek to replace Federal Reserve Chair Jerome Powell, despite their past public disagreements. Speaking during a recent interview, Trump acknowledged his previous criticisms of Powell’s leadership but emphasized the importance of stability in financial markets as the nation navigates economic uncertainty.
The announcement signals a significant shift in Trump’s approach to the Federal Reserve. During his first term, Trump was a vocal critic of Powell, whom he appointed in 2018. Trump frequently accused Powell of raising interest rates too quickly and hindering economic growth, often clashing with the. . .
