Trump: No plans to fire Fed Chair Powell, but wants lower rates

FILE PHOTO: U.S. President Donald Trump looks on as Jerome Powell, his nominee to become chairman of the U.S. Federal Reserve, speaks at the White House in Washington

WASHINGTON (Reuters) – President Donald Trump said on Tuesday he has no plans to fire Federal Reserve Chairman Jerome Powell, but said he wants interest rates to be lower.

“I have no intention of firing him,” Trump told reporters in the Oval Office on Tuesday. “I would like to see him be a little more active in terms of his idea to lower interest rates,” he added.

(Reporting by Nandita Bose in Washington; Editing by Leslie Adler)