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Breaking News!
Trump declares: New Federal Reserve Chair may be announced soon,
pointing out that Powell's rate cuts are "too sluggish"!
U.S. President Trump directly fired shots on CNBC's 'Squawk Box', stating that the matter of the Federal Reserve Chair also has political implications, and specifically criticized Powell for being too slow with rate cuts!
Trump revealed that there are currently several popular candidates for the Federal Reserve Chair, all of whom are elites, such as Warsh and Hassett, who are both great, along with two mysterious candidates. He candidly stated that the new chair may surface soon. Although he really likes Brainard, unfortunately, she wants to stay at the Treasury Department.
Even more explosive is that Trump hinted that he might take advantage of the position left by Quarles to carefully select the next Federal Reserve leader! What deeper meaning lies behind this? Who will the new chair candidate be? Comments are welcome!
