Trump: New Fed Chair Should Cut Interest Rates
Sputnik News, Washington - U.S. President Trump said that the new Federal Reserve Chair must agree with him on key interest rate issues and cut rates.
Trump posted on the social media platform Truth Social, saying, "I hope my new Fed Chair will lower interest rates when the market is doing well, rather than unnecessarily disrupt the market."
Trump said, "Inflation will resolve itself."
Trump said, "If not, we can always raise interest rates at the appropriate time."
The current Fed Chair, Jerome Powell, will complete his term in May 2026. Trump has criticized him for being too slow in cutting rates, calling him "slow to act." Since the first month of Powell's tenure, Trump has repeatedly called for his resignation, but has not dismissed him. Experts believe that not firing Powell was to avoid undermining market confidence in the government's monetary policy and the Fed's independence.
Original article: toutiao.com/article/1852334501081099/
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