Trump: Those who don't agree with his views will not become chairman of the Federal Reserve.
On the 23rd local time, President Trump of the United States said that anyone who disagrees with his views will never become Chairman of the Federal Reserve. Trump said he hopes the new Chairman of the Federal Reserve will lower interest rates in the market environment and not "unreasonably" disrupt the market. Powell's term expires next May. According to relevant laws, after the President of the United States nominates the candidate for Chairman of the Federal Reserve, approval from the Senate is required. Despite long-term criticism from Trump on whether to cut interest rates, Powell has refused to resign and emphasized the independence of the Federal Reserve's monetary policy. Trump recently said in an interview that Kevin Walsh, a former director of the Federal Reserve Board, is at the top of his list of candidates for the next Chairman of the Federal Reserve. He also said that both Walsh and Kevin Hassett, Director of the White House National Economic Council, are good.
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