President Trump's made it clear he is not firing Fed chair Powell: Treasury counselor Joe LaVorgna

Federal Reserve & Monetary Policy - The President has stated he will not fire the Federal Reserve Chair [3] - The Federal Reserve claims its decisions are data-driven, which is causing frustration for the President [6] - Inflation data has been better than expected, with the "super core metric" (consumer services excluding rents) being 150 basis points lower than when the Fed began cutting rates [7] - History suggests the Fed typically follows market pricing, implying rates should eventually decrease [7] Tariffs & Inflation - The administration argues that tariffs are not inflationary and are being absorbed by foreign profit margins [6][7] - The US could collect upwards of $300 billion in tariff revenue annually [8][12] - Import prices of goods directly impacted by tariffs have fallen, suggesting tariffs are being built into margins [11][12] - The tariffs' impact on inflation has been minimal, contrary to earlier predictions [12] US Economic Leverage - The US, as the world's largest consumer, dictates market terms, giving it leverage in negotiations [14]