Republican presidential candidate Donald Trump stated in a Bloomberg News interview that if he wins the November election, he would allow Federal Reserve Chair Jerome Powell to finish his term. Trump emphasized the importance of Powell doing the right thing and also warned against the Fed cutting interest rates before the election. Despite nominating Powell in 2017, Trump criticized him during his term, even threatening to fire him. Powell, whose term ends in 2026, faced backlash from Trump for raising interest rates. As the economy is showing signs of inflation, the Fed is considering when to adjust interest rates. Trump's stance on Powell's term and interest rates could impact the economy and the upcoming election.