In a 2017 clip, Donald Trump praised Jerome Powell upon nominating him as Federal Reserve Chair, highlighting the importance of appointing leaders with integrity and good judgment. Recently, Trump has attacked Powell due to his refusal to lower interest rates, which Trump believes is necessary to mitigate potential inflation linked to tariffs. Reports emerged of Trump considering firing Powell, with Republican lawmakers agreeing. Despite denying the rumors of Powell's ouster, Trump continued to criticize him, expressing surprise over Powell's appointment and questioning his capabilities, seemingly forgetting he was the one who nominated him.
Trump stated in 2017 that it was an honor to appoint Jerome Powell as Fed Chair, calling the nomination of leaders with integrity a key responsibility.
After initially praising Powell, Trump has criticized him for not lowering interest rates and suggested firing him amid concerns over inflation from tariffs.
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