Donald Trump will not seek to remove Federal Reserve Chairman Jerome Powell from his position before his term ends and would consider appointing JPMorgan CEO Jamie Dimon as Treasury secretary if he wins the Nov. 5 election, the former president said. Bloomberg interview It was published on Tuesday.
JPMorgan declined to comment on Trump’s remarks. Powell’s term as chairman runs until January 2026, and his seat on the Fed’s board runs until 2028. The interview took place in late June, according to Bloomberg.
Trump said the Federal Reserve should refrain from cutting interest rates before the November election, in which the Republican presidential candidate faces off against Democrat Joe Biden.
Trump also said in the interview that he no longer plans to lower the corporate tax rate to 15% and ban the social media app TikTok.
In addition to imposing new tariffs of between 60% and 100% on China, Trump said he would impose a flat 10% tariff on imports from other countries, citing complaints that other countries were not buying enough American products.
