Trump Plans to Nominate New Federal Reserve Chair
Former President Donald Trump recently revealed that he will announce his nomination for the next Federal Reserve Chair next week, putting an end to months of speculation about who will succeed Jerome Powell, whose term ends in May 2026. Trump emphasized that the new chair should adopt a more accommodative monetary policy.
Call for a 2-3% Interest Rate Cut
Trump stated that current interest rates are too high and hinder economic growth. He urged the Fed to reduce rates by 2 to 3 percentage points to boost economic activity and business confidence.
- Trump plans to nominate a new Fed Chair
- Advocates for a 2-3% interest rate cut
- Stresses the importance of a more accommodative monetary policy