Trump says Powell would resign as Fed chair ‘if I told him to’

President-elect also claims tariffs would make US rich but cannot guarantee that prices will not rise

Jerome Powell
Jerome Powell
Federal Reserve/Flickr

Donald Trump has said that the chair of the US Federal Reserve Jerome Powell would leave his position “if I told him to”.

The US president-elect told television network NBC on December 8 that he did not see himself trying to replace Powell and that he had no plans to tell him to leave his post. However, he added: “I think if I told him to [leave], he would.”

Trump also claimed during the interview that the tariffs he plans to implement would make the US rich. He said the US was subsidising Canada

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