The Daily Beast
Kevin Lamarque / REUTERS Donald Trump proposed a wild theory about why Federal Reserve Chairman Jerome Powell chose to stay on as a governor. Trump, 79, posted on Truth Social about Powell after the 73-year-old confirmed that he would remain a governor on the central bank’s board after his term as chairman expires on May 15. Powell’s announcement surely irked Trump, who has continually called for his exit, citing his refusal to lower interest rates, which Powell did again on Wednesday. But now Powell is set to be on the board until January 2028, denying Trump a vacancy to fill. Read more at The Daily Beast.
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