Trump once more floats firing Fed Chair Jerome Powell earlier than his time period expires

At a information convention on Monday, President Trump once more said his want to fireside Federal Reserve Chair Jerome Powell, whose time period expires in May. While some contenders to switch him have been floated, the president has made clear he desires whoever the following head of the central financial institution is to proceed chopping rates of interest. Business reporter Erin Delmore joins with evaluation.

CBS News 24/7 is the premier anchored streaming information service from CBS News and Stations that’s accessible free to everybody with entry to the web and is the vacation spot for breaking information, reside occasions, unique reporting and storytelling, and packages from CBS News and Stations’ high anchors and correspondents working domestically, nationally and across the globe. It is on the market on greater than 30 platforms throughout cell, desktop and related TVs free of charge, in addition to CBSNews.com and Paramount+ and reside in 91 nations.

Subscribe to the CBS News YouTube channel: https://youtube.com/cbsnews
Watch CBS News 24/7: https://cbsnews.com/live/
Download the CBS News app: https://cbsnews.com/mobile/
Follow CBS News on Instagram: https://instagram.com/cbsnews/
Like CBS News on Facebook: https://facebook.com/cbsnews
Follow CBS News on X: https://twitter.com/cbsnews
Subscribe to our newsletters: https://cbsnews.com/newsletters/
Try Paramount+ free: https://paramountplus.com/?ftag=PPM-05-10aeh8h

For video licensing inquiries, contact: [email protected]