‘Whatever’: Trump now OK with Fed holding or raising rates as long as Powell not chair

In a surprising shift, Trump has expressed acceptance of the Federal Reserve holding or even raising interest rates, as long as Jerome Powell remains out of the chair. Previously, Trump openly criticized Powell for not cutting rates aggressively enough to suit his economic desires. This change in stance underscores the unpredictable nature of Trump's policy preferences and highlights the broader implications for the Fed's independence and the administration's influence over monetary policy. This shift could signal a move towards less direct political interference in Fed decisions, though it remains to be seen if this is a temporary change or a more permanent realignment.