February 2, 2024 9:56am EST
Trump says he wouldn't reappoint Fed Chair Powell: 'He's political'
Trump's full interview with Maria Bartiromo on the economy and Biden airs Sunday on Fox News
By Kristen Altus FOXBusiness
Former President Donald Trump is weighing in on the economy and the future of Federal Reserve leadership in an exclusive interview with Maria Bartiromo.
The 2024 Republican frontrunner took aim at Fed Chairman Jerome Powell and reacted to recent stock market records in a preview clip that aired Friday on "Mornings with Maria."
"I think he's political," Trump told Bartiromo. "I think he's going to do something to probably help the Democrats, I think, if he lowers interest rates."
"But you have the potential of having massive inflation again, because the Middle East could drive up the price of energy," he continued. "And the Middle East, again, the bombs are dropping all over the place and the ships are starting to get hit and hit hard. If that happens, you're going to have tremendous spikes in the price of oil. And if you do that, you're going to have big inflation. He's not going to be able to do anything. But it looks to me like he's trying to lower interest rates for the sake of maybe getting people elected."
Powell took office as chairman in 2018 after being selected by then-President Trump. He was then sworn in for a second term under President Biden in 2022.
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https://www.foxbusiness.com/politics/trump-says-wouldnt-reappoint-fed-chair-powell-political