Trump says he has no plans to fire Fed chief Jerome Powell after calling him a ‘major loser’

President says tariffs on China could be lowered days after lashing out over bank's reluctance to cut interest rates

Donald Trump has said he has no plans to fire the Federal Reserve chair, Jerome Powell, and suggested the draconian tariffs the US has imposed on China could be lowered.

The president's comments come days after he called the central bank boss a major loser" whose termination cannot come fast enough" and defended his tariffs after they triggered stock market sell-offs.