CNN "Trump to guarantee Powell's remaining term"

U.S. President-elect Donald Trump is expected to guarantee the term of Federal Reserve Chairman Jerome Powell, CNN reported, citing Trump aides.

CNN said it was Trump's view that Powell should remain chairman as the Fed pursues a rate-cutting policy.

However, the source added that there is a possibility of changing one's mind at any time due to Trump's style.

Powell was first appointed in 2018, during the first Trump administration, and President Biden re-appointed in 2022, and his term runs until June 2026.

Powell clashed with then-President Trump several times during Trump's first term in office, threatening to fire him.

In particular, when Powell cut interest rates in September ahead of the presidential election, Trump criticized it as election interference.

During the election, Trump has faced criticism for shaking up the Fed's independence by saying that the president should also have a say in the Fed's rate-setting process.