Trump says he would allow Fed Chair Powell to finish his term if re-elected

Republican presidential candidate Donald Trump said that he would allow Federal Reserve Chair Jerome Powell to finish his term at the helm of the central bank if he wins the November election. 

"I would let him serve it out, especially if I thought he was doing the right thing," Trump said, according to a Bloomberg News interview that took place in June.

Powell's term as chair ends in May 2026, while his position on the Fed board continues until 2028.