US President Donald Trump said on Friday that the choice for the federal bank’s new leadership (FED) will soon be known. “It will be announced very soon,” Trump told reporters who accompanied him to the Air Force One, arguing that a good Fed leader would raise interest rates. Asked in particular about Kevin Wars, who has served as a member of the Fed Board of Directors from 2006 to 2011, Trump commented that he was “highly appreciated”. Wars is allegedly among the dominant Trump’s choice for the next Fed president. Yesterday, Trump reiterated his position that the US Central Bank would have to reduce interest rates by one unit, criticizing today’s Fed chief Jerome Powell that he has significantly delayed the cost of borrowing. The two men were in front of the year last week, with Trump telling Powell that he made a “wrong” […]
Source: News Beast
With 6 years of experience, I bring to the table captivating and informative writing in the world news category. My expertise covers a range of industries, including tourism, technology, forex and stocks. From brief social media posts to in-depth articles, I am dedicated to creating compelling content for various platforms.
