If reelected in November, Trump indicates he would allow Fed Chair Powell to complete his term, according to Bloomberg's report.

• If he wins in November, the Republican presidential candidate will let the Fed chair complete his term, as he stated to Bloomberg Businessweek.
• Jerome Powell, the Federal Reserve Chair who assumed office in 2018, has had a tense relationship with ex-President Donald Trump.
• In 2019, Trump argued that the U.S. was at a disadvantage against other nations due to the interest rate policy at the time, and he criticized the central bank leader on social media.
• In February of this year, Trump announced that he wouldn't renew Powell's term.

If Jerome Powell wins the November election, Donald Trump will allow him to complete his term as Federal Reserve Chair.

Trump stated in an interview with Bloomberg Businessweek that he would allow Powell to serve out his term as Fed chief if he believed he was doing the right thing. Biden appointed Powell to a second four-year term as Fed chief in May 2022.

Powell will continue to serve as a Fed governor until January 31, 2028.

The former president's strained relationship with the central bank leader has been reversed with his recent comments.

As Fed chief, Powell faced criticism from then-President Trump over interest rate policy since he took the helm in February 2018.

In 2019, Trump criticized the central bank and its leader despite policymakers lowering rates three times that year to a target range of 1.5% to 1.75%, arguing that the U.S. was at an economic disadvantage against other countries with lower rates.

Trump stated in February that he would not renew Powell's term as Fed chair. According to Trump, Powell is politically motivated and may lower interest rates to aid the Democrats.

Read the Bloomberg Businessweek article here.