President Trump says he’s not concerned if Jerome Powell stays at the Fed

Summary

In a Davos interview with CNBC’s Joe Kernen, President Donald Trump says the U.S. has had almost no inflation and strong growth. He discusses whether Jerome Powell might remain at the Fed, saying he is not concerned and criticizing Powell’s leadership and handling of the Federal Reserve building complex. Kernen raises the possibility that Powell could stay on the board and form a four-person voting bloc. The exchange contains no explicit investable recommendation or named tradable security.

• Trump cites 1.2% inflation and tremendous growth.
• Trump says he is not concerned if Powell stays at the Fed.
• Kernen asks about Powell remaining on the board after his chairmanship.
• Trump claims Powell wants to get out and would be unhappy if he stayed.
• Trump criticizes Powell’s management of the Federal Reserve building complex.
• Trump contrasts the Fed project cost with his own construction projects.
• No specific stocks, bonds, commodities, or tradable instruments are named.