President Donald Trump said on Friday that he may appoint someone who is more inclined to lower interest rates to succeed Federal Reserve Chair Jerome Powell.
“If I think somebody’s going to keep the rates where they are or whatever, I’m not going to put them in. I’m going to put somebody that wants to cut rates,” Trump told reporters at the Oval Office.
Trump criticized Powell for not lowering interest rates and said that he would “love” the head of the U.S. Federal Reserve to step down if Powell chooses to do so.
The president suggested lowering rates to 1 percent, although he believes cutting interest rates by two percentage points would save the country “more than $600 billion” annually….
Trump Says He Will Only Appoint Fed Chair Who Wants to Cut Interest Rates
