Trump says he won’t try to replace Fed Chair Jerome Powell despite past feuds

President-elect Donald Trump said in an interview aired on Sunday he will not try to replace Federal Reserve Chair Jerome Powell upon taking office in January.

“No, I don’t think so. I don’t see it,” Trump said on NBC News’ “Meet the Press with Kristen Welker” when asked if he would seek to remove Powell, whose term ends in 2026.

Trump added that he didn’t think Powell, who he has sparred with in the past over interest rate levels, would go quietly.

“I think if I told him to [go], he would. But if I asked him to, he probably wouldn’t,” Trump told Welker.

Trump campaigned on a promise to lower mortgage rates and other borrowing costs for US households, raising the prospect that he could clash with Powell – as he did in his first term – over interest rate policy. Trump’s vow to implement across-the-board tariffs could also complicate the Fed’s efforts to keep inflation in check.

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