Trump: No intention to fire Powell, calls for the Fed to cut interest rates

ChainCatcher News, 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, despite his disappointment that the Fed has not cut interest rates more quickly.

"Never," Trump told reporters, "the media always makes a mess of things. I have no plans to fire him. I would like to see him be more aggressive about lowering rates." Trump said, "Grocery prices have gone down, everything is going down. The only thing that hasn't gone down but hasn't really gone up is interest rates." Trump stated, "We believe the Fed should lower rates; now is a perfect time. We hope our chairman can cut rates early or on time, rather than late." Trump also mentioned that the stock market is doing quite well.