White House Says Trump Will Keep Fed Chair Powell in Job

White House Press Secretary Karoline Leavitt said Tuesday that President Donald Trump has no plans to remove Federal Reserve Chair Jerome Powell from his post. The assurance comes amid periodic tensions between the White House and the U.S. central bank over the pace of monetary easing. Leavitt added that the administration believes Powell "needs to lower interest rates," underscoring Trump’s long-standing criticism that current borrowing costs are restraining economic growth. Powell’s term as chair runs until February 2028, and Federal Reserve officials have so far signaled they will base policy decisions on incoming economic data rather than political pressure.