Monetary policy

Trump now says he has no plans to fire the Federal Reserve chairman.

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US President Donald Trump shakes hands with the new Fed Chairman, Jerome Powell. — Donald Trump with Jerome Powell. Carlos Barria / Reuters

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US President Donald Trump today denied the possibility of firing Federal Reserve Chairman Jerome Powell. "It's highly unlikely. Let's not plan for it," Trump said after some US media reported that he had a letter ready to fire him.

Trump now says he has no plans to fire the Federal Reserve chairman.

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