Trump said in an interview with the Wall Street Journal on Friday that he tends to choose one of the "two Kevins," either former Federal Reserve governor Kevin Warsh or National Economic Council Director Kevin Hassett, to serve as Federal Reserve Chair next year. He called Warsh the preferred choice, saying, "Both Kevins are excellent," and "other candidates are also outstanding." Previously, due to Trump's repeated hints over the past few weeks that he had basically decided on the new Federal Reserve chairman, Hassett has increasingly been seen as the favorite, but Trump's latest statement indicates that Warsh still has considerable competitiveness. Trump confirmed that he met with Warsh for about 45 minutes at the White House on Wednesday, and during the meeting, he asked whether Warsh would support rate cuts if appointed as Federal Reserve Chair. Trump said Warsh "believes that interest rates must be lowered, and others I've spoken to also think so." Trump also said that the next Federal Reserve chairman should consult with him when deciding interest rate levels. He hopes to lower the rate to 1% within a year, and even lower, which would help reduce the interest the U.S. government pays on its $30 trillion debt.
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Original: toutiao.com/article/1851373853505547/
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