Trump: Will announce the nomination for the next Federal Reserve Chairman next week.

On the 29th local time, US President Trump stated that he will announce his nomination for the next chairman of the Federal Reserve next week. Earlier that day, Trump criticized Fed Chairman Powell on social media for "refusing to cut interest rates again" and claimed that US interest rates should be the lowest in the world. Trump also said that the next chairman of the Fed will "do a good job" and that the current interest rates of the Fed are "unacceptably high."