Trump confirms Powell remains as Federal Reserve Chair amidst rate policy disagreements, easing market anxieties.

In a move to quell market uncertainties, US President Donald Trump has stated that Federal Reserve Chair Jerome Powell will not be ousted despite differences over interest rate policies. Trump’s criticism of Powell’s hesitance to decrease rates due to fears of economic slowdowns has caused concerns in the market. The Federal Reserve, on the other hand, remains resolute in its commitment to controlling inflation. Powell’s position seems secure for now, as the administration navigates economic challenges. The assurance from Trump comes at a pivotal time when global markets are closely monitoring US monetary policies and their impact on the economy. Powell’s leadership and the Federal Reserve’s decisions will continue to be scrutinized as the world economy faces uncertainties.

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