Donald Trump announces he will have a "majority" on the Fed

Joshua Gibson FXStreet

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.

Author

Joshua Gibson

FXStreet

Joshua joins the FXStreet team as an Economics and Finance double major from Vancouver Island University with twelve years' experience as an independent trader focusing on technical analysis.

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