$BTC $ETH $FIL Midnight! Trump announces!

According to CCTV News, on December 8 local time, Trump stated in a recent interview that he has no plans to replace Federal Reserve Chairman Powell when he returns to the White House, and Powell's term will last until May 2026. When asked if he plans to shorten the term of the Federal Reserve Chairman, Trump replied, "I do not."

Trump said on NBC's program: "I think if I tell him, he will (resign), but if I ask him (to resign), he may not."

Powell clearly stated in the days following the election that he is prepared to defend the independence of the Federal Reserve from political pressure. He told reporters that if Trump asks him to resign, he will not resign and insisted that the incoming president has no power to fire him or other senior Federal Reserve leaders.

Looking back, in February 2018, Trump appointed Republican and former private equity executive Powell as the Chairman of the Federal Reserve Board. Shortly thereafter, during a debate about interest rates, Trump proposed to dismiss Powell.

The two had multiple conflicts during Trump's first term, with Trump repeatedly criticizing the Federal Reserve under Powell's leadership, complaining that it kept interest rates too high, and even threatening to fire him. In 2022, President Biden once again appointed Powell as Chairman of the Federal Reserve for a four-year term.

This has also raised widespread concerns in the market about political interference in Federal Reserve policy-making.

Wall Street analysts believe that political conflicts may be unavoidable in the next four years.

This is a total disaster, really unreliable. His words are never trustworthy. Speaking is just like farting.