Donald Trump said he would not seek to remove Federal Reserve chair Jay Powell before his term expires in May 2026, but promised to push ahead with sweeping tariffs, mass deportations and tax cuts in his first days in the White House.
In an interview with NBC News’s Meet the Press, Trump spoke about his priorities for the world’s largest economy when his second administration begins in January, including curtailing aid to Ukraine and reducing bloat across the government.
When asked if he had plans to replace Powell, who was tapped by Trump in 2017 and later renominated by President Joe Biden for a second term as head of the US central bank, the president-elect said he did not.
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