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Trump backs Fed Chair Powell [Video]

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Company Formation

President-elect Donald Trump said in an interview that aired on Sunday that he has no plans to remove Federal Reserve Chair Jerome Powell.Appearing on NBC’s “Meet the Press with Kristen Welker,” Trump was asked if he would try to replace Powell.“No, I don’t think so. I don’t see it,” Trump said. “I think if I told him to, he would. But if I asked him to, he probably wouldn’t. But if I told him to, he would.”Welker followed by asking Trump if he had plans to ask Powell to resign. Trump responded, “No, I don’t.”The comments mark the first time since the presidential election that Trump has publicly backed Powell. In July, Trump said he would not fire Powell if he won the election and in November, a senior adviser to Trump reaffirmed that Trump would likely allow Powell would finish his term as chairman.Trump, however, has threatened to remove …

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