Trump: No Intention to Fire Powell, Urges the Fed to Cut Rates

According to a report by Jinse, U.S. President Trump stated during the swearing-in ceremony of SEC Chairman Atkins on Tuesday local time that he has no intention of firing Federal Reserve Chairman Powell, although he is disappointed that the Fed has not cut rates faster. "Never," Trump told reporters, "the media always mess things up. I have no plan to fire him. I would like to see him be more proactive in the idea of lowering rates." Trump said, "Grocery prices have fallen, everything has fallen. The only thing that hasn't fallen much but also hasn't risen much is interest rates." Trump stated, "We think the Fed should cut rates, and now is the perfect time. We want our chairman to move ahead or be on time (with rate cuts), not late." Trump also noted that the stock market is doing well.