Trump pushing for a 1% rate cut, not removing Powell.

According to Odaily, U.S. President Donald Trump has stated that he does not intend to dismiss Federal Reserve Chairman Jerome Powell. Instead, he emphasized the need for the Federal Reserve to reduce interest rates. Trump expressed his preference for long-term, low-interest debt, noting that a 1% reduction in interest rates would result in a corresponding decrease in payments. He highlighted the significant amount of short-term debt currently held and reiterated his desire for lower rates.