Trump Says He ‘Most Likely’ Won’t Try To Fire Jerome Powell Because It Would Be ‘Very Disruptive’ 

President Donald Trump indicated on Friday that he is not inclined to attempt to fire Federal Reserve Chair Jerome Powell.

Trump has repeatedly attacked the chair for not lowering interest rates, a call Powell has resisted. Appointed by Trump in 2018, Powell’s term ends in May 2026. The president has reportedly considered firing the “knucklehead” Fed chair, though he can only do so for cause. (Trump has denied the reporting.) In recent weeks, the president has potentially seeded the ground for such a move by criticizing Powell’s oversight of major renovations to the Fed’s headquarters in Washington, D.C.

Trump and Powell toured the site last week, where the president brought up cost overruns, which led Powell to fact-check the president in real-time.

“The Fed rate is too high,” the president told Rob Finnerty in an interview with Newsmax on Friday night. “Interest rates are too high, and despite that, we have a great economy.”

“We do,” Finnerty replied. “But Jerome Powell stays in place for now?”

“Well, it’s very disruptive if you fire,” the president replied. “So, I would say most likely, yeah.”

Those words could come as somewhat of a comfort to Wall Street on a day where stocks slid after a terrible July jobs report. Moreover, the job gains from May and June were revised significantly downward. The bad data prompted Trump to fire Commissioner Erika McEntarfer of the Bureau of Labor Statistics, baselessly alleging she had gotten the numbers wrong.

On Truth Social, Trump also wildly claimed that she had “faked the Jobs Numbers before the Election to try and boost Kamala’s chances of Victory.”

Watch above via Newsmax.