Trump Announcing Fed Chair Pick
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Donald Trump will be announcing his pick for Federal Reserve chair tomorrow.
Trump said he will be making the announcement “Friday morning.”
President Donald Trump said Thursday that he will be naming his pick Friday for the new Federal Reserve chair.
Speaking at the premiere for “Melania,” the film about first lady Melania Trump, the president said the five-month odyssey of finding his pick to succeed current Chair Jerome Powell is about to end.
“I’ll be announcing the Fed chair tomorrow morning,” Trump said. Asked if he had actually settled on a choice, he replied, “I do, I better, otherwise I have to go to work very quickly.”
The process for deciding on Powell’s replacement began in September with an 11-candidate field that included past and current Fed officials, economists and Wall Street investment professionals. Treasury Secretary Scott Bessent screened the qualifying candidates, whittling the list down to five and then four.
Trump recently called out Jerome Powell after the Federal Reserve decided not to cut rates.
Trump said Powell “is costing America Hundreds of Billions of Dollar a year in totally unnecessary and uncalled for INTEREST EXPENSE.”
Jerome “Too Late” Powell again refused to cut interest rates, even though he has absolutely no reason to keep them so high. He is hurting our Country, and its National Security. We should have a substantially lower rate now that even this moron admits inflation is no longer a problem or threat. He is costing America Hundreds of Billions of Dollar a year in totally unnecessary and uncalled for INTEREST EXPENSE. Because of the vast amounts of money flowing into our Country because of Tariffs, we should be paying the LOWEST INTEREST RATE OF ANY COUNTRY IN THE WORLD. Most of these countries are low interest rate paying cash machines, thought of as elegant, solid, and prime, only because the U.S.A. allows them to be. The Tariffs being charged to them, while bringing in $BILLIONS to us, still allows most of them to have a significant trade surplus, though much smaller, with our beautiful, formerly abused Country. In other words, I have been very nice, kind, and gentle to countries all over the World. With a mere flip of the pen, $BILLIONS more would come into the U.S.A., and these countries would have to go back to making money the old fashioned way, not on the back of America. I hope they all appreciate, although many don’t, what our great Country has done for them. The Fed should substantially lower interest rates, NOW! Tariffs have made America strong and powerful again, far stronger and more powerful than any other Nation. Commensurate with this strength, both financial and otherwise, WE SHOULD BE PAYING LOWER INTEREST RATES THAN ANY OTHER COUNTRY IN THE WORLD! Thank you for your attention to this matter. President DONALD J. TRUMP
