White House trade adviser Navarro: It would be "absolutely harmful" for Powell to stay at the Fed after his term ends.

White House trade adviser Peter Navarro told Politico that it would be "absolutely harmful" for Jerome Powell to stay at the Federal Reserve after his term as chairman ends. You wouldn't want a former Fed chair to influence the current Fed chair's leadership. Powell has a "cavalier attitude" towards tariffs causing inflation, "he doesn't understand".