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Powell: Trump's call for interest rate cuts has no impact on the work of The Federal Reserve (FED)
[Powell: Trump’s call for a rate cut does not affect the Federal Reserve’s work] Federal Reserve Chairman Powell stated that Trump’s call for a rate cut does not affect the work of the Federal Reserve at all. The Federal Reserve (FED) Chairman Jerome Powell declined to comment on Trump’s retraction of the firing threat. When asked if he would remain on the Federal Reserve Board if he no longer served as Chairman, Powell stated that there was no information on that matter.