President Trump criticized the Federal Reserve for its recent interest rate cuts, describing them as insufficient and calling for significantly lower rates. On Wednesday, Trump met with former central bank governor Kevin Warsh for a final interview regarding the Fed chairmanship. Trump emphasized his desire for a chair who is "honest on interest rates," and indicated a decision could be announced within two weeks. The Federal Reserve recently implemented its third consecutive 25-basis-point rate cut, which Trump deemed "quite small" and suggested should have been at least doubled. The selection process for the new Fed chair is nearing completion, with National Economic Council Director Kevin Hassett considered a leading candidate. Other contenders include current Fed Governors Christopher Waller and Michelle Bowman, and Rick Reid of BlackRock.
Trump Criticizes Fed's Rate Cuts, Interviews Kevin Warsh for Chairmanship
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