The president-elect said he would not try to replace the Federal Reserve chair, but would seek to cut immigration, impose tariffs and more.

President-elect Donald Trump has rowed back his threat to try to fire Jay Powell, the Fed chair.Carlos Barria/ReutersA promise of shock and awe, mostly

President-elect Donald Trump used his first broadcast interview since the election to promise a fast-moving and disruptive administration that could shake up American and global business, including raising tariffs and cutting immigration.

But for all the talk of breaking things, Trump told NBC’s “Meet the Press” that he wouldn’t follow through with some of the moves that markets have feared, including trying to fire or undermine Jay Powell, the Fed chair.

“No, I don’t think so,” Trump told NBC’s Kristen Welker about seeking to remove Powell before his term ends in May 2026. That said,

Keep reading this article on Andrew Ross Sorkin – Author New York Times.

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