close_game
close_game

Trump likely to allow Fed Chair Jerome Powell to serve remainder of his term: Report

Reuters | | Posted by Shweta Kukreti
Nov 07, 2024 11:54 PM IST

U.S. President-elect Donald Trump is likely to allow Jerome Powell to serve the remainder of his term as the Federal Reserve chair, CNN reported on Thursday.

U.S. President-elect Donald Trump is likely to allow Jerome Powell to serve the remainder of his term as the Federal Reserve chair, CNN reported on Thursday, citing a senior adviser to Trump.

U.S. Federal Reserve Chair Jerome Powell (REUTERS)
U.S. Federal Reserve Chair Jerome Powell (REUTERS)

While Trump could change his mind, he and his economic team's present view is that Powell should remain atop the central bank until Powell's term expires in May 2026, CNN reported, citing the unidentified senior adviser.

Read breaking news, latest...
See more
Read breaking news, latest updates from United States on topics related to politics, crime, along with national affairs. Stay up to date with news developments on Kamala Harris, Donald Trump,and Joe Biden.
SHARE THIS ARTICLE ON
SHARE
Story Saved
Live Score
Saved Articles
Following
My Reads
Sign out
New Delhi 0C
Thursday, December 12, 2024
Start 14 Days Free Trial Subscribe Now
Follow Us On