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Trump says next Fed chair will believe in lower interest rates 'by a lot'
Trump is vetting candidates who support lower interest rates, with Waller's nomination odds rising to 46%, aiming for a Fed chair aligned with his economic priorities.
- On Dec 17, US President Donald Trump said the next Federal Reserve chair will support substantially lower interest rates during a national address highlighting his administration's record.
- Seeking influence, Mr Trump said the next Fed chair should seek his input on rate decisions even if he does not expect the chair to adopt his views.
- Vetting has involved rapid meetings and rescheduled interviews, with Christopher Waller, Kevin Warsh, and Kevin Hassett under consideration and Waller gaining 80% support at a recent event.
- He has said he will announce a successor in early 2026 and predicted mortgage payments will fall, yet the current Fed policy rate ranges from 3.5 per cent to 3.75 per cent after recent cuts this year.
- Institutional norms suggest a clash because Presidents typically leave rate decisions to the Fed, while Christopher Waller supports cuts yet defends Fed independence without close ties to Trump.
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33 Articles
Next Federal Reserve Chairman Will Believe in Lower Interest Rates ‘By a Lot,’ Trump Says
President Donald Trump on Dec. 17 said that the next chairman of the U.S. Federal Reserve will believe in lower interest rates “by a lot.” “I’ll soon announce our next chairman of the Federal Reserve,” Trump said during a primetime address to the nation during which he outlined his national security and economic accomplishments in the first year of his second term in office. “Someone who believes in lower interest rates by a lot, and mortgage pa…
·New York, United States
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Coverage Details
Total News Sources33
Leaning Left1Leaning Right4Center6Last UpdatedBias Distribution55% Center
Bias Distribution
- 55% of the sources are Center
55% Center
C 55%
R 36%
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