According to a report by Reuters, on June 6 local time, U.S. President Trump said that the result of the appointment of the next Federal Reserve Chairman would be announced soon, and emphasized that an excellent Federal Reserve Chairman would reduce interest rates.
On that day, Trump made the above remarks when interviewed aboard Air Force One. When asked about Kevin Warsh, a former member of the Federal Reserve who is considered a hot candidate for the next Fed Chairman, Trump said, "He is highly respected."
Earlier that day, Trump said that the Federal Reserve should cut interest rates by one percentage point and criticized the current Federal Reserve Chairman Powell again for acting too slowly in reducing borrowing costs.
Trump has repeatedly accused Powell of not cutting interest rates as he expected. The two met for the first time last week, and Trump criticized Powell, saying that his failure to cut rates was "a mistake."
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