Just days ahead of the Federal Reserve’s next interest rate decision, President Donald Trump repeated his wish that Chair Jerome Powell cut the benchmark rate, but also said he wouldn’t replace Powell before his term ends in 2026.

President Trump said Sunday he would not fire Federal Reserve chair Jerome Powell before the central bank leader's term ends over the next year. Why it matters: An earlier suggestion that Trump would attempt to remove Powell — a legally dubious move — roiled financial markets,

President Donald Trump on Monday kept up his verbal assault on Federal Reserve Chair Jerome Powell over the Fed's refusal for now to further cut interest rates, rattling financial markets growing ever more fearful that Trump may ultimately try to fire the U.