Trump Would Allow Fed’s Jerome Powell to Stay On, Lower Corporate Tax Rate

Former President Donald Trump said during an interview that he would allow Federal Reserve Chair Jerome Powell to serve out the rest of his term. The Republican nominee also said he would lower the corporate tax rate, and open the United States to more oil and gas drilling, as he outlined his economic doctrine in an in-depth, wide-ranging interview with Bloomberg Businessweek. In February, the former president told Fox Business that he would not reappoint Fed Chair Jerome Powell because “he’s political” and would “do something to probably help the Democrats, I think, if he lowers interest rates.” But President Trump told Businessweek in the late June sitdown, that he “would let him serve it out” if he is “doing the right thing.”...