Former President Donald Trump, speaking at the World Economic Forum's annual meeting in Davos, indicated that he will announce a new Federal Reserve Chair in the near future, specifying that the individual will be "a male" and a highly respected person.
Discussing the candidates for the Fed position, Trump remarked that every candidate he interviewed had impressed him, but he noted that people's behavior can change once they formally assume office. "It's surprising how people change their ways once they get the job. In a way, it's a betrayal, which is really too bad, but they have to do what they think is right," he stated. Trump expressed his hope that the new Fed Chair would perform their duties effectively, while also praising the current excellent work of Treasury Secretary (assumed reference) and Commerce Secretary (assumed reference). When the conversation turned to the current Fed Chair, Jerome Powell, Trump reiterated his previous criticism, stating that Powell acted too slowly on interest rate issues.
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