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Trump Says He Has Decided on Next Fed Chair and Will Announce Soon
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US President Donald Trump stated on Air Force One that he has decided on the candidate for the next Federal Reserve Chair and expects his nominee to advocate for interest rate cuts, foreign media reported. He mentioned that knowing who he will nominate and that he will make an announcement, but the name of the candidate remains veiled. Kevin Hassett, the Director of the National Economic Council of the US, in an interview with CBS, refused to discuss rumors about him being a frontrunner for the Fed Chair position, calling such reports unfounded. However, he noted that the market has reacted positively to Trump's impending announcement of the candidate. AASTOCKS Financial News Website: www.aastocks.com |
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