MNI BRIEF: Trump Likely To Let Powell Serve Full Term-Moore
Dec-12 2024 14:45By: Pedro Nicolaci da Costa
Federal ReserveUS
There is an “80%” chance President-Elect Donald Trump will allow Federal Reserve Chair Jerome Powell to serve out his full term that ends in May 2026, Stephen Moore, an economic advisor to Trump's transition said Thursday.
It is “pretty likely” but “not 100%” that Trump will allow Powell to serve his full term as Fed chair, Moore said at an event hosted by the Investment Company Institute, blaming the Fed chair for letting inflation get "as high as it did.”
He is advocating the Trump administration pass a tax bill as quickly as possible early next year “with as many things in the box as possible” and tariffs that are “targeted.”
