Federal Reserve news

US President Trump says he will announce a new Fed Chair "soon", all of those interviewed are "great". Criticises Chair Powell. US should be paying the lowest interest rate in the world.

Newsquawk Staff ·

US President Trump says he will announce a new Fed Chair "soon", all of those interviewed are "great". Criticises Chair Powell. US should be paying the lowest interest rate in the world.

What it means

President Trump's comments regarding the Fed Chair signify a potential shift in leadership that could influence monetary policy direction. By criticizing Chair Powell and advocating for lower interest rates, he introduces uncertainty around the Fed's current stance and suggests a more accommodative approach may be on the horizon, which could impact asset prices across fixed income and equities.

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