Trump says he has no intention of firing Fed chief Jerome Powell

President Trump has expressed his determination not to fire Federal Reserve Chair Jerome Powell despite his frustration with the central bank's slow response to lowering interest rates. However, Trump indicated he would prefer seeing Powell take more active steps toward reducing rates if necessary. Meanwhile, Trump’s National Economic Council Director, Kevin Hassett, suggested that Trump is considering whether he has the authority to remove Powell from his position after a series of controversial social media posts and public comments criticizing the Fed.