Trump: The Federal Reserve should follow his guidance, and interest rates will be lowered soon

According to Jinshi, U.S. President Trump stated on Wednesday that if his nominee for the Federal Reserve chair has expressed a willingness to raise interest rates, they will not be appointed to the position. He believes that the Federal Reserve is theoretically an independent institution, but should follow his guidance.

He stated that interest rates will be lowered soon, believing that "our rates are too high," and emphasized that his understanding of the economy is deeper than almost anyone else's.