TechFlow, December 13 — In an interview in the Oval Office on Friday, President Trump said: "Both Kevins (Warsh and Hassett) are excellent, and several other candidates are also outstanding."
According to sources familiar with the matter, on Wednesday Trump held a 45-minute meeting with Warsh at the White House, during which he pressed Warsh, asking whether he could guarantee support for rate cuts if appointed as Fed chair. Trump confirmed the report in the interview: "He believes rate cuts are necessary, and everyone I've spoken to agrees." Trump stated that he believes the next Fed chair should consult him when setting interest rate policy.
When asked about his desired interest rate level one year from now, Trump said: "1%, maybe even lower. We should have the lowest rates in the world." He added that lower rates would help the U.S. Treasury reduce financing costs on its $30 trillion government debt.
