Considering Jamie Dimon for US Treasury, won't oust Fed's Powell: Trump

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Considering Jamie Dimon for US Treasury, won't oust Fed's Powell: Trump - Business Standard

Quick Summary:

Powell said on Monday he has no plans to leave his post as head of the US central bank before his term expires.

Trump turned against him soon after, railing against the interest rate hikes that the Fed delivered during Powell's first year at the helm.

Powell has been asked repeatedly over the last week whether the election would play into the Fed's decision on whether to cut rates, and Powell said again on Monday that he and other central bank policymakers do not take politics into account in their decision-making.