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🟥 US President Donald Trump stated the need to lower interest rates to alleviate housing burdens, hinting at the possibility of moving Federal Reserve Board member Stephen Miller to a longer and more stable position within the board. He added that he has "capable people" to replace Lisa Cook, whom he described as having "made a mistake," and confirmed that Federal Reserve Chairman Jerome Powell will leave his position "quickly, and fortunately".
⭕ In another context, Trump indicated an improvement in relations with China, saying that "China respects us again" and that communication between the two countries is going well. These statements reflect the administration's move to reshape monetary leadership, alongside a de-escalation.