Fed Chair Powell might have quietly won Trump’s one-sided war with the central bank after the president says he has ‘no intention’ of firing him

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Powell might have escaped Trump's one-sided battle with the Fed unscathed.

After a period of interest rates rising to their highest in some two decades in the wake of COVID, the FOMC cutting the base rate—as it did last year—was seen as a sign that the economy had reached steadier territory.

Markets regained some confidence following Trump's confirmation that Powell will see out the rest of his term as chairman (finishing in May 2026), with the S&P 500 finishing up 2.5% yesterday.

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Article Details

Author / Journalist: Eleanor Pringle

Category: EconomyBusiness

Markets: United States

Topics: Fed Fed interest rate Jerome powell Fed interest rates Donald Trump

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-04-23 @ 10:41:24 (18 hours ago)

News Timezone: GMT +8:00

News Source URL: fortune.com

Language: English

Article Length: 721 words

Reading Time: 5 minutes read

Sentences: 4 lines

Sentence Length: 181 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Fortune

News ID: 28169716

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Official Website: fortune.com

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