Trump stated he is "highly unlikely" to fire Federal Reserve Chair Jerome Powell, contrary to a private meeting where he considered dismissal. During that meeting with House Republicans, he waved what was described as a prop letter about firing Powell. Despite some Republicans urging his dismissal due to Powell's refusal to lower interest rates, Trump later mentioned he would only dismiss Powell if he were to leave for fraud. Trump's comments caused fluctuations in U.S. stocks and Treasury yields during the day.
Trump's indication that he is "highly unlikely" to fire Federal Reserve Chair Jerome Powell came during a public meeting, despite earlier private discussions about dismissal with House Republicans.
During a White House meeting with House Republicans, Trump waved a letter regarding Powell's firing, which was reportedly drafted by someone else and not an actual letter from the president.
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