[Opinion] Trump Urges Next Federal Reserve Chair to Seek His Opinion on Interest Rates

Trump urges next Federal Reserve chair to seek his opinion on interest rates

Trump also said that he would like to see interest rates at one percent or lower by this time next year. The current interest rate ranges from 3.5% to 3.75% as of Wednesday.

Is Trump’s Pressure Killing Fed Independence?

Key takeaways • President Trump is pushing the Federal Reserve to cut interest rates now. • He has publicly attacked Chair Jerome Powell and probed Governor Lisa Cook. • Critics fear this move could weaken the Fed’s ability to act on its own. • Experts warn that lost Fed independence may harm the U.S. economy for years. Introduction President Trump has made no secret of his desire for lower interest rates. He openly criticizes Federal Reserve de…

Federal Reserve Leadership Change Looms as Trump Seeks Chairman Aligned on Interest Rate Policy

US President Donald Trump is set to replace the outgoing Federal Reserve Chairman in the near future, with a potential list now narrowing down to just four candidates, Financial Times reported. Trump had a thorny relationship with the outgoing chairman, Jerome Powell, as they differed on the central bank’s interest rate-cut policy. “We’re going to […]