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Trump says next Fed chair will believe in lower interest rates 'by a lot'
Trump is vetting candidates who support lower interest rates, with Waller's nomination odds rising to 46%, aiming for a Fed chair aligned with his economic priorities.
- On Dec 17, US President Donald Trump said the next Federal Reserve chair will support substantially lower interest rates during a national address highlighting his administration's record.
- Seeking influence, Mr Trump said the next Fed chair should seek his input on rate decisions even if he does not expect the chair to adopt his views.
- Vetting has involved rapid meetings and rescheduled interviews, with Christopher Waller, Kevin Warsh, and Kevin Hassett under consideration and Waller gaining 80% support at a recent event.
- He has said he will announce a successor in early 2026 and predicted mortgage payments will fall, yet the current Fed policy rate ranges from 3.5 per cent to 3.75 per cent after recent cuts this year.
- Institutional norms suggest a clash because Presidents typically leave rate decisions to the Fed, while Christopher Waller supports cuts yet defends Fed independence without close ties to Trump.
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Trump To Interview Fed Governor Christopher Waller For Chair Position: Report
President Donald Trump is reportedly set to interview U.S. Federal Reserve Governor Christopher Waller for the position of Fed chair on Wednesday. Waller Seen Favoring Further Rate Cuts The selection process is described as fast-moving, with the possibility of meetings being rescheduled or canceled as Trump continues to deliberate, The Wall Street Journal reported on Tuesday, citing sources familiar with the matter. Waller has been supportive of…
·New York, United States
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Total News Sources25
Leaning Left0Leaning Right2Center6Last UpdatedBias Distribution75% Center
Bias Distribution
- 75% of the sources are Center
75% Center
C 75%
R 25%
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