Donald Trump Won’t Reappoint Fed Chair Jerome Powell Because ‘He’s Political’

The former president has long history of complaining about Mr. Powell and the Fed.

WASHINGTON, DC - NOVEMBER 02: (L to R) U.S. President Donald Trump looks on as his nominee for the chairman of the Federal Reserve Jerome Powell takes to the podium during a press event in the Rose Garden at the White House, November 2, 2017 in Washington, DC. Current Federal Reserve chair Janet Yellen's term expires in February. Photo by Drew Angerer/Getty Images

Federal Reserve Chair Jerome Powell will not be reappointed to a third term as head of the U.S. central bank, says former President Donald Trump.

The Republican frontrunner told Fox Business on Jan. 2 that he will not nominate Mr. Powell to another term if he is re-elected in November, accusing the Fed chief of being “political” and missing on inflation.