US President Donald Trump says he has no “intention to fire” fed boss Jerome Powell

US President Donald Trump has turned out to have softened his latest comments on China and Federal Reserve Head of the United States after recent clashes while pursuing his economic agenda.

He said he did not “intend to fire” Jerome Powell after repeatedly criticized the head of the central bank, but added that he would want Powell to be “a little more active” when interest reduced.

Speaking to the Oval Cabinet on Tuesday, Trump also said he was optimistic about improving trade relations with China.

He said the rates level – or import taxes – that he has imposed Chinese imports – will “decrease significantly, but it will not be zero.”

President’s tariffs are an effort to promote factories and jobs to return to the United States. This is a pillar of his economic program – as is a reduction in interest rates aimed at reducing loan costs for Americans.

Trump has accumulated the percentage of Chinese goods up to 145% – igniting reciprocal measures from Beijing and warnings from economists about the global impact of the trade war.

In his comments to reporters on Tuesday, Trump said he would be “very nice” in the negotiations with Beijing – hoping to secure a trade deal.

Earlier, he reported that US Secretary of Finance Scott Bensten said he was expecting a de-escalation of the trade war, which he said was unstable. In response to comments from China, he said the current situation was not a “joke”.

The trade war has led to turbulence in financial markets around the world – to which Trump’s comments to Powell have also contributed.

So far, the Fed has not reduced the percentage after reducing them by a percentage point at the end of last year, the position Trump has criticized greatly.

Last week, the president reinforced his attacks on the Fed’s chief, calling him a “main loser.” Comments have caused the sale of shares, bonds and US dollars – although markets have since been recovering from these losses.

The director of the National Economic Council Kevin Khasece said on Friday that Trump was looking at whether it would be possible to fire Powell – who first nominated to lead the Central Bank in 2017. Powell was renewed in 2021 by Joe Biden.

It is unclear whether Trump has the power to fire the President of the Fed. No other US president has tried to do so.

Most major Asian stock markets were higher on Wednesday as investors seemed to welcome the latest remarks.

The Nikkei 225 Japanese Index has increased by about 1.9%, Hong Seng in Hong Kong has risen by about 2.2%, while the continental Chinese composition in Shanghai has decreased below 0.1%.

This came after the US shares made profits on Tuesday, with the S&P 500 ending the session on Tuesday by 2.5%and Nasdaq increased by 2.7%.

American futures were also trading higher overnight. Future markets indicate how the financial markets will be presented when they open for trading.

Investors feared that pressure on powell to lower interest rates could lead to an increase in prices at a time when trade rates are already being monitored, intensifying inflation.

The trade tensions between the largest economies in the world, as well as US tariffs for other countries around the world, have caused uncertainty about the global economy. These concerns have caused turmoil in the financial markets in recent weeks.

Tuesday, The forecast for US economic growth this year The largest decrease in advanced economies from the International Monetary Fund (IMF) was given due to the uncertainty caused by the tariffs.

A sharp increase in tariffs and uncertainty will lead to a “significant slowdown” of global growth, the fund predicts.

Trump imposed taxes up to 145% on imports from China. Other countries are already facing the US Tariff from 10% to July.

The administration told him last week that when new tariffs are added to existing ones, the taxes of some Chinese goods can reach 245%.

China withdrawn with a 125% tax on US products and swore to “fight until the end”.

The Chinese government has not yet officially responded to the latest statements from the Trump administration.

However, an article in Global Times -controlled on Wednesday cited commentators who said remarks show that the United States is beginning to realize that tariffs cause more harm than a benefit to America’s economy.