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Trump Names Scott Bessent as Fed Chair Candidate Option, Urges Fed to Cut Rates by 3%
US President Donald Trump said that Treasury Secretary Scott Bessent might become a candidate to replace Fed Chairman Jerome Powell, but hinted that this might not happen, accordin...
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Trump Names Scott Bessent as Fed Chair Candidate Option, Urges Fed to Cut Rates by 3%
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US President Donald Trump said that Treasury Secretary Scott Bessent might become a candidate to replace Fed Chairman Jerome Powell, but hinted that this might not happen, according to foreign media.

Furthermore, after the US released inflation data for June, Trump posted on a social platform urging the Fed to cut rates by 3% again, and suggesting this could save US$1 trillion in federal government spending.

Related NewsCore PPI MoM for Jun in United States is 0.0%, lower than the previous value of 0.4%. The forecast was 0.2%.

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