Trump says he has no intention of firing Federal Reserve chair Powell


US Federal Reserve chair Jerome Powell. — Bloomberg

Washington: President Donald Trump says he had no intention of firing US Federal Reserve (Fed) chair Jerome Powell despite his frustration with the central bank not moving more quickly to slash interest rates.

“Never did,” Trump told reporters. “The press runs away with things. No, I have no intention of firing him. I would like to see him be a little more active in terms of his idea to lower interest rates.”

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