off-the-wire

Trump says Fed's Powell will be out soon

Kitco Media
By Reuters
Published:
Updated:
Reuters
Trump says Fed's Powell will be out soon teaser image

WASHINGTON, July 22 (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

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