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Trump says Fed’s Powell will be out soon

By Thomson Reuters Jul 22, 2025 | 10:52 AM

WASHINGTON (Reuters) -U.S. Federal Reserve Chair Jerome Powell kept rates too high and will be out in eight months, President Donald Trump said at a news conference on Tuesday.

“I think he’s done a bad job, but he’s going to be out pretty soon,” he said from a meeting at the White House with Philippine President Ferdinand Marcos Jr.

(Reporting by Trevor Hunnicutt, writing by Maiya Keidan)