Trump: Federal Reserve Chairman will depart if I ask him to

This could be heading down a dark path. If Trump turfs the Fed Chairman and/or enough Governors to make a difference, then selling the dollar and buying gold is one of the most-straightforward trades you will ever find.

“If I want him out, he’ll be out of there real fast, believe me,” Trump said. “He’ll leave if I ask him to. He’ll be out of there.”

“He’s too late. He’s always too late, too slow,” he said (which is just an admission the economy is slowing down, not speeding up).

He did not answer a question on whether he will try to remove Powell, whose term ends in May 2026.

Whoever Trump appoints as the next Fed chairman will be telling. Expect it to be a yes-man and right now it’s not looking like Senate is in a position to push back.

Other comments from Trump in the Oval office:

• I think Iran is wanting to talk
• Minerals deal to be signed next Thursday
• We have a Federal Reserve Chair who is playing politics