Editor's PiCK
Trump: "To announce Fed chair nominee next week… rates should be 2–3pp lower"
JH Kim
Summary
- US President Donald Trump said he plans to announce a nominee for chair of the Federal Reserve (Fed) next week.
- Trump was quoted as saying interest rates should be 2–3 percentage points lower than they are now.
- Markets are focusing on potential candidates for the next Fed chair and the possibility of a shift in the monetary policy stance, according to the report.
According to Walter Bloomberg, an economics breaking-news account, on the 29th (local time), US President Donald Trump said he plans to announce a nominee for chair of the Federal Reserve (Fed) next week.
In remarks on the economy, Trump said, "I will announce the Fed chair next week," adding that "interest rates should be 2–3% points lower than they are now."
The comments are seen as reiterating Trump’s stance on the Fed’s monetary policy and the selection of its next chair. Markets are watching potential candidates for the next Fed chair and the possibility of a shift in the monetary policy stance.
JH Kim
reporter1@bloomingbit.ioHi, I'm a Bloomingbit reporter, bringing you the latest cryptocurrency news.
