Trump Reiterates No Plans to Fire Fed Chair, Cites Economic Success

White House Stance on Fed Chair

• 📌 Karoline Leavitt, White House Press Secretary, confirmed that President Trump has no plans to fire the Fed chair.
• 💬 However, she noted that Trump has been transparent about his displeasure with Jerome Powell's management and policies.

Economic Performance Under Trump

• 📈 Leavitt highlighted that the U.S. economy is booming by all economic metrics.
• 💰 She cited trillions in foreign investments, a decrease in inflation (claimed to be defeated in 6 months), and a 20% drop in oil costs.
• 💼 The administration's deregulatory campaign and the addition of 700,000 jobs in 6 months were also mentioned, with the manufacturing sector showing improvement.
• 📰 The Wall Street Journal is quoted as saying the economy has regained its "swagger."

Federal Reserve Policy Recommendations

• 💡 Leavitt stated that economists and experts are now agreeing with President Trump that Jerome Powell should cut interest rates.
• 🗣️ The president's stance on this has been consistent for a while, and the Fed chair needs to lower interest rates.

Fiscal Policy and Deficit Concerns

• 📊 Regarding the Congressional Budget Office's estimates on the deficit and health coverage loss due to a new bill, Leavitt asserted it was a great bill for the American people.
• 💸 She described it as the largest tax cut for middle and working-class families and a fiscally responsible bill.
• ⚖️ The administration aims to cut the deficit by using tariffs to increase U.S. revenue and pay down debt accumulated over decades.