Donald Trump announces he will have a "majority" on the Fed
|United States (US) President Donald Trump stepped in it on Tuesday, declaring that there would soon be a majority of rate-cut voters on the Federal Reserve's (Fed) interest rate setting voting body, the Federal Open Market Committee (FOMC).
Key highlights
I have good people for Fed's Cook replacement, I have somebody in mind.
Powell gets out quickly, fortunately.
We will have a majority shortly on the Fed.
We might switch Miran to another longer-term Fed spot.
Interest rates must come down for housing costs.
I think we have to have lower interest rates.
I'd abide by the courts.
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