Trump Says Next Fed Chair Will Be Inclined to Cut Rates

Deep News12-15 06:10

U.S. President Donald Trump stated that he will soon select an "excellent Federal Reserve chair who will be inclined to push for interest rate cuts," referring to his intended nominee for the position.

Trump remarked, "We are struggling with high interest rates, but even with current Fed Chair Jerome Powell's stance, rates are gradually declining."

These comments were made by Trump during a White House holiday commemorative event.

He claimed that inflation has now been "completely contained" and added that deflation is, in many ways, more harmful than inflation.

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