Trump: If Federal Reserve Chair Powell remains in office after his term ends, he will be dismissed.

Deep Tide TechFlow message, April 15 — U.S. President Trump said that if Federal Reserve Chair Jerome Powell continues to remain in office after his term expires, he will dismiss him. According to the arrangements, Powell’s chair term will end on May 15. In an interview, Trump said, “If he doesn’t leave, then I will have to fire him.” It is understood that the successor nominated by Trump, Woshang, has not yet been confirmed by the Senate, which means that during the transition period, Powell may continue to perform his duties in the capacity of an “acting chair.”

Powell had also previously said that if the successor is not confirmed, he will legally continue to remain in office. In addition, the U.S. Department of Justice is currently investigating the renovation project of the Federal Reserve headquarters. Trump has repeatedly criticized Powell for not cutting interest rates according to his wishes, and he has questioned the project’s engineering costs, saying there “may be corruption or serious mismanagement.” Powell responded that he has no intention of resigning before the investigation ends and emphasized that he will carry out his duties until the investigation is “completely finished and has transparent conclusions.” (Jin十)