According to BlockBeats, U.S. President Donald Trump stated in an interview that the appointment of the next Federal Reserve Chair will be announced shortly, and he has a clear idea of the candidate.
He added that a good Federal Reserve Chair would work towards lowering interest rates. When asked about the possibility of reducing government contracts held by Elon Musk, Trump mentioned that he would consider all options. He clarified that he has no plans to speak with Musk and expressed his hope for Tesla's success.