Trump: A decision soon regarding the Chairman of the Federal Reserve... and reducing interest rates is a necessity
U.S. President Donald Trump announced that a decision will be made soon regarding the appointment of a new Chairman of the Federal Reserve. During his remarks aboard Air Force One, Trump indicated that "any good Chairman of the Fed should lower interest rates."
This statement was interpreted by some as a hint at a potential upcoming rate cut, which could lead to a rise in the markets. Conversely, if the markets perceive that the president is interfering in the Fed's powers, it could lead to a market decline due to concerns about the independence of monetary policy.