Trump Hints at Imminent Fed Rate Reductions
"I just think they're going to be lowered. I mean, they should be lower," Trump told a news agency during the interview.
The president emphasized what he characterized as excessively elevated rates. "We're way high, OK?" he said. "We're way high in interest. We have now, with me and with all the money, I'm — I've always been good at money — and with all the money coming into our country, we're a rich country again. We have debt, but we also have growth, and the growth will soon make the debt look very small."
Trump defended his selection of Kevin Warsh, a former Federal Reserve board of governors member, arguing the nomination itself signals his monetary policy expectations.
The president indicated he would not have selected Warsh to helm the central bank if rate increases were anticipated.
Trump unveiled the Warsh nomination on January 30, tapping him to become the Federal Reserve's next chairman.
The move came after sustained public attacks on current Fed Chair Jerome Powell, whom Trump repeatedly criticized throughout last year as the central bank maintained steady rates before implementing three separate cuts at subsequent meetings.
Trump has consistently stated his intention to install a Federal Reserve chairman who supports lower interest rates.
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