President Donald Trump said the lowering of interest rates is a litmus test for his choice to become the next Federal Reserve chair.
In a wide-ranging interview with Politico, Trump was asked directly whether his next Fed pick must move quickly to bring down borrowing costs.
“Yes,” Trump replied when asked if it is a “litmus test that the new chair lower interest rates immediately,” signaling he wants a decisive break from the current approach at the central bank.
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