U.S. Republican presidential candidate Donald Trump said in an interview with Bloomberg Businessweek that he, once elected, would allow Federal Reserve Chairman Jerome Powell to serve out his term through May 2026, and that the Fed should give up cutting interest rates ahead of the November election and should not try to galvanize the economy for the Biden administration.He also said he had changed his mind about JP Morgan (JPM.US) CEO Jamie Dimon, regarding him as one of the candidates for Treasury Secretary. Trump said that if he wins the election, he will promise to impose new tariffs, while also extending expiring domestic tax cuts, allowing more drilling to boost domestic energy production, and unlocking the potential of the cryptocurrency industry while regulating big tech firms. Related NewsMeta Reportedly Plans to Amplify Investment in Scale AI; Amount May Top US$10BHe said he would like to lower the corporate tax rate from the current 21% to as low as 15%. If 15% is too difficult to achieve, a reduction to 20% would be acceptable.(Real-time Streaming US Stocks Quote; Except All OTC quotes are at least 15 minutes delayed.)