Reported about 7 hours ago
President Donald Trump declared that he will only appoint candidates to head the Federal Reserve who support lowering interest rates, establishing a clear expectation for prospective nominees. His insistence on reducing rates to 1% from the current benchmark of 4.25% to 4.50% further underscores his criticism of Fed Chair Jerome Powell, whom he has labeled as ineffective. With Trump's focus shifting toward finding a successor for Powell, he reportedly has several candidates in mind, aiming to steer Fed policy towards his preferences.
Source: YAHOO