Big money shows it is weighing on President Trump to reveal that he knows who he is choosing for his reservation and the expected decision on the measure.
The president Donald Trump Said Friday that he is focused on two partners to endure the Federal Read next year, with former governor Kevin Warsh and Director of the National Economic Cound Director Kevin Hassett taking the leading role.
Trump was interviewed by Trump The Wall Street Journal And he said Warsh is at the top of the list, adding that he and Hassett are ahead of the decision.
“Yes, I think you are. I think you have Kevin and Kevin. Both of them – I think the two kevins are great,” Trump said. “I think there are a few other great people.”
Trump confirmed the previous report of the previous magazine that he met with the warsh at the White House on Wednesday, where the President pressed the nominee that he could not be trusted to support interest rates.
Powell is ranked among the most likely candidates as the next chairman to be held later
President Donald Trump said Warsh and Hassett are the two leading candidates for his Fed Chair. (Reuters / Jonathan Ernst / Reuters Images)
“You think you should lower interest rates,” Trump said of Warsh. “And so does everyone I’ve talked to.”
The President also told the magazine that he doesn’t think whoever succeeds Jerome Powell, whose name expired in May, should consult with him about setting interest rates.
“Normally, that wasn’t done. It was always done. It should be done,” Trump said. “It doesn’t – I don’t think he has to do exactly what we’re saying. But we’re certainly an intelligent voice and it should be listened to.”
Hasstt says he supports the Federal Reserve’s independence from the Trump Admin Cup
Former out-of-state governor Kevin Warsh is being considered for a tough seat next year. (Daniel Acker/Bloomberg via Getty Images/Getty Images)
Trump was asked in an interview about the rate hike he wants to be one year from now and the President replied, “Adding lower rates would reduce the cost of using the national debt.
“We should have the lowest standard in the world,” Trump said.
Fed moves third rate cut but ‘dots dots’ just one cut in 2026
White House National Economic Cound Director Kevin Hassett has recently been viewed by betting markets as a leading contender for the presidency. (Andrew Harnik/Getty Images/Getty Images)
The Federal Reserve this week cut interest rates by 25 basis points for the third straight meeting, lowering the benchmark Federal to grain rate of 3.5% to 3.75%.
The interest rate cut came amid concerns about a weak labor market despite inflation remaining stubbornly above the Fed’s 2% target.
Policymakers created and released their own summary of economic forecasts, known as the “Dot Plot,” which secured a single interest rate of 20 basis points.
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Decisions regarding the Federal Reserve interest rate hike are made by the Federal Open Market Committee (FOMC), a 12-member panel that votes on rate decisions.
