Trump discusses plans to replace Federal Reserve Chairman Powell in a FOX Business interview, criticizing high interest rates as the U.S. faces refinancing $9 trillion in debt.

Powell, who was appointed by Trump to lead the Fed in 2018, has been put under pressure by the president, who has accused him of keeping high interest rates too high. However, Tru

Jerome H. Powell, whose term does not expire until May, has argued that the central bank can afford to be patient about cutting interest rates amid uncertainty about the economic outlook.