President Trump has stated he made his choice for the next Federal Reserve chairman, but he declined to immediately share his decision.
Speaking with reporters on Sunday, Trump said, “I know who I am going to pick, yeah. We’ll be announcing it.”
When asked if Kevin Hassett, the director of the National Economic Council, was the pick, Trump smiled and added, “I’m not telling you. We’ll be announcing it.”
Trump’s announcement comes ahead of the Fed’s Dec. 10 announcement on whether it would enact another rate cut. Fed Chairman Jerome Powell’s terms comes to an end next May.
It is time for an actual patriot to be Fed Chairman and to stop strangling 65%+ of the US economy that is tied to housing with artificially high rates that don’t seem to be helping America and Americans.
not only is your name cool but you are spot on!
You are incorrect by all economic info Inc what this administration is making difficult to track..
Interest rates are a 2 edged sword. There are those of us who pay interest and those of who depend on interest payments. Which group do you want to hurt?
Neither the Fed nor the Chairman determine rates. He can lower the cost of borrowing between banks, but the Bond Market determines rates for mortgages, etc.
END the FED…
PERIOD!