Reported 3 months ago
After previously threatening to immediately fire Federal Reserve Chairman Powell if elected in 2024, Republican presidential candidate Trump now pledges to let Powell finish his term but warns against interest rate cuts by the Fed before the November election. Trump is also considering appointing JPMorgan Chase CEO Jamie Dimon as Treasury Secretary. Street analysts predict two rate cuts by Fed by the end of the year. Meanwhile, Trump has named other potential cabinet members, including Doug Burgum and Glenn Youngkin.
Source: YAHOO