TechFlow News, February 5: According to JINSHI Data, U.S. President Trump stated on Wednesday that anyone he nominates for Federal Reserve Chair would not be appointed if that person had previously expressed support for raising interest rates. Trump noted that the Federal Reserve is theoretically an independent institution, yet he simultaneously implied it should follow his guidance—because, in his view, he understands the economy better than almost anyone else. In an interview with NBC, Trump expressed near-certainty that interest rates would soon decline. When pressed on why he was so confident, he replied, “I just feel rates will go down. I mean, they should be lower.” “Our interest rates are too high, you understand?” Trump said. “Our interest burden is too heavy. Now that I’m here—I’ve always been exceptionally skilled at handling money—and with a continuous inflow of capital into our country, we’re becoming a wealthy nation again. Yes, we do have debt, but we also have growth—and growth will quickly render that debt insignificant.”
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