In a recent interview, former President Donald Trump expressed a change in stance regarding Federal Reserve Chair Jerome Powell, stating that if reelected, he would allow Powell to serve out his term. Trump mentioned that he would support Powell continuing in his role, particularly if he believed Powell was making decisions in the best interest of the country.
Earlier this year, Trump had indicated that he would not reappoint Powell, alleging that Powell was considering rate cuts to benefit the Democratic Party in the 2024 election. However, Trump's latest comments suggest a shift in his perspective on Powell's leadership at the Federal Reserve.
Furthermore, Trump mentioned that if he were to win a second term, he would consider JPMorgan Chase CEO Jamie Dimon for the position of Treasury secretary. This statement marks a notable departure from Trump's previous criticism of Dimon, whom he had referred to as a 'highly overrated Globalist' on social media platform Truth Social last year.
Dimon, on the other hand, has expressed agreement with Trump on certain policy issues and warned against criticizing the Make America Great Again (MAGA) movement, suggesting that such actions could be detrimental to President Joe Biden.
During the interview, Trump also shared his views on economic policies, advocating against rate cuts by the Federal Reserve before the November election. Additionally, he expressed his desire to reduce the corporate tax rate to 15%, highlighting his continued focus on tax reform.
