US EditionJerome Powell's Replacement Soon? Trump Hints at Potential New Fed Chair, Says Rate Cut Will Be Litmus Test
9 Articles
9 Articles
Jerome Powell's replacement soon? Trump hints at potential new Fed chair, says rate cut will be litmus test
Trump’s comments serve as a message to potential nominees: the next Fed chair will be expected to take swift action on rates and align with his economic agenda from day one.
At the time of the EDF meeting, markets account for a new drop in short rates, but long rates climb again and expose deeper tensions. Internal divisions in the Federal Reserve, cross-signals from the US Treasury and the impact the dispute over Jerome Powell's succession has on the bond market's reaction.
The markets are waiting for the Fed's decision tomorrow – Donald Trump has made it clear that the upcoming Fed boss must definitely lower interest rates! Even though Trump swarmed in an interview about the supposedly so strong US economy – but why then lower interest rates? The new Fed boss is probably Kevin Hassett, [...] The post The Trump Fed – and its powerful opponent! Market whispers appeared first on financemarktwelt.de.
Trump Says Rate Cut Will Be Litmus Test For New Fed Chair
President Donald Trump indicated he would judge a new Federal Reserve chair by whether they immediately move to cut interest rates. Trump responded “yes” when asked in an interview with Politico if a quick reduction of borrowing costs would be a litmus test for his handpicked central bank leader.
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