Trump: No One Who Disagrees with Me Will Lead the Fed
US President Donald Trump said he wants the next chair of the Federal Reserve to cut interest rates when markets are “doing well,” stressing that any candidate who does not adopt this approach “will not be the Fed chair.”
Trump argued that markets tend to react negatively even to positive economic data because investors expect the Fed to raise rates, which he believes harms market performance without sound economic justification.
He emphasized that lowering rates during periods of strong market performance would support economic growth and boost investor confidence, calling for a more flexible monetary approach in the coming period.
The remarks have reignited debate over the independence of the Federal Reserve and its role in balancing price stability with economic growth.
He emphasized that lowering rates during periods of strong market performance would support economic growth and boost investor confidence, calling for a more flexible monetary approach in the coming period.
The remarks have reignited debate over the independence of the Federal Reserve and its role in balancing price stability with economic growth.
