Wash did not provide clear guarantees regarding interest rate reductions - said Trump

During a meeting with the candidate for the Chair of the Federal Reserve, U.S. President Donald Trump shared his views on the Fed’s monetary policy. Specifically, he emphasized that the candidate did not make any concrete commitments regarding potential rate cuts during the discussion. According to the financial platform Jin10, the American leader expressed hope that the Fed would have the opportunity to lower interest rates at some point during its tenure.

Positive Assessment of Powell’s Competence

The task of developing a new monetary policy strategy requires particular attention to the candidate’s professionalism. Trump positively evaluated Powell’s qualifications and communication style, highlighting that he is a well-prepared expert. The president also dismissed existing concerns about Powell’s previous positions related to raising the policy rate. Trump expressed confidence that there are no problematic aspects in the candidate’s history that could hinder his work.

Hopes for Successful Senate Confirmation

The American president showed optimism about Powell’s prospects for confirmation as Federal Reserve Chair. He called the candidate an ideal choice for the position and expressed confidence that the confirmation process in the Senate would proceed smoothly. According to Trump, Powell possesses all the necessary qualities and experience to effectively lead the country’s most important financial institution.