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Trump Says Decision on Fed Chair Will Be Out Soon

Reuters06-07

  • Trump hints at imminent Fed chair decision

  • Warsh seen as frontrunner for Fed chair role

  • Trump criticizes Powell's rate policy again

President Donald Trump said on Friday that a decision on the next Federal Reserve chair will be coming out soon, adding that a good Fed chair would lower interest rates.

"It's coming out very soon," Trump told reporters on Air Force One.

When asked specifically about former Fed governor Kevin Warsh, Trump said, "he's very highly thought of." Warsh is considered a frontrunner to be Trump's pick to be the next Fed chair.

Earlier on Friday, Trump said the Federal Reserve should cut interest rates by a full percentage point and he reiterated his view that Chair Jerome Powell has been too slow to lower borrowing costs.

The president has repeatedly berated Powell for not cutting rates as he desires. The two men met face-to-face for the first time last week, with Trump telling Powell he was making a "mistake" by not lowering rates.

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Comment4

  • neo26000
    ·06-07
    He wants to kick out "Too Late"? Can he do that? Make more enemies and I am curious to see how this pans out after 4 years when he is no longer president 
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    • a4xrbj1
      I know but that same group of conservative judges still follows the constitution. MeetKevin has an excellent video about the decision, just google it
      06-08
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    • Et1502
      Majority of the Supreme Court judges are appointed by Presddent T during his 1st presidency. What do you think is the final decision?
      🤣🤣🤣
      06-08
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    • a4xrbj1
      He can’t, the Surpreme Court made a decision on that about 2-3 weeks ago
      06-07
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  • hphoa
    ·06-07
    Nothing to feel sad...
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  • Kelvin 梁
    ·06-07
    Sad to say something about this too. One day u r made known that former WWF changed to WWE. Actors everwhere. Manipulation. 
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  • Sarah_888
    ·06-07
    Share your opinion about this news…
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