{"id":6417,"date":"2025-12-24T07:41:47","date_gmt":"2025-12-24T07:41:47","guid":{"rendered":"https:\/\/inernews.online\/?p=6417"},"modified":"2025-12-24T07:41:47","modified_gmt":"2025-12-24T07:41:47","slug":"trump-says-anyone-who-disagrees-with-him-will-never-head-federal-reserve-business-and-economy-news","status":"publish","type":"post","link":"https:\/\/inernews.online\/?p=6417","title":{"rendered":"Trump says \u2018anyone who disagrees\u2019 with him will never head Federal Reserve | Business and Economy News"},"content":{"rendered":"<p> <br \/>\n<\/p>\n<div id=\"\">\n<p class=\"article__subhead\"><em>US president is reviewing candidates to replace outgoing Federal Reserve chief Jerome Powell, who disagreed with Trump on interest rate cuts.<\/em><\/p>\n<\/div>\n<div>\n<div class=\"byline byline--single-avatar\">\n<div class=\"avatars-container\">\n<div class=\"responsive-image\"><img decoding=\"async\" loading=\"lazy\" src=\"https:\/\/www.aljazeera.com\/wp-content\/uploads\/2020\/09\/Al-Jazeera-Erin-1-1754975994.jpg?resize=96%2C96&amp;quality=80 96w\" sizes=\"(max-width: 96px) 96px, 96px\" aria-hidden=\"true\"\/><\/div>\n<\/div>\n<\/div>\n<div class=\"article-dates\">\n<p><span class=\"screen-reader-text\">Published On 24 Dec 2025<\/span><span aria-hidden=\"true\">24 Dec 2025<\/span><\/p>\n<\/div>\n<div class=\"rich-share\" data-testid=\"rich-share\">\n<div class=\"rich-share__wrapper\">\n<div class=\"rich-share__button-wrapper\"><button class=\"rich-share__button row\" aria-expanded=\"false\"><\/p>\n<p>Click here to share on social media<\/p>\n<p><svg class=\"icon icon--share2 icon--primary icon--16 \" viewbox=\"0 0 20 16\" version=\"1.1\" aria-hidden=\"true\"><title>share2<\/title><path fill=\"#000\" fill-rule=\"evenodd\" d=\"M11.688 9.048c-.659 0-1.252.282-1.673.733l-4.92-2.45c.016-.115.028-.232.028-.352 0-.117-.011-.23-.027-.343l4.913-2.423a2.285 2.285 0 0 0 1.68.739C12.964 4.952 14 3.899 14 2.6 14 1.302 12.965.25 11.688.25S9.377 1.302 9.377 2.601c0 .117.01.23.027.343L4.49 5.367a2.285 2.285 0 0 0-1.68-.739C1.536 4.628.5 5.681.5 6.979c0 1.299 1.035 2.35 2.312 2.35.659 0 1.252-.281 1.673-.731l4.92 2.45a2.357 2.357 0 0 0-.029.351c0 1.299 1.035 2.351 2.312 2.351S14 12.698 14 11.399s-1.035-2.35-2.312-2.35Z\" clip-rule=\"evenodd\"\/><\/svg><\/button><\/p>\n<p class=\"rich-share__social-text\">Share<\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<div aria-live=\"polite\" aria-atomic=\"true\">\n<p>United States President Donald Trump has said that he expects the next chairman of the US Federal Reserve to keep interest rates low and never \u201cdisagree\u201d with him.<\/p>\n<p>Trump made his remarks on Tuesday as interviewing was under way for candidates to replace outgoing Federal Reserve chief Jerome Powell.<\/p>\n<section class=\"more-on\">\n<h2 class=\"more-on__heading\">Recommended Stories<!-- --> <\/h2>\n<p><span class=\"screen-reader-text\">list of 4 items<\/span><span class=\"screen-reader-text\">end of list<\/span><\/section>\n<p>\u201cI want my new Fed Chairman to lower Interest Rates if the Market is doing well, not destroy the Market for no reason whatsoever,\u201d Trump wrote in a lengthy post on his Truth Social platform.<\/p>\n<p>\u201cThe United States should be rewarded for SUCCESS, not brought down by it. Anybody that disagrees with me will never be the Fed Chairman!\u201d<\/p>\n<p>Since returning to office in February, Trump has constantly pressured the Federal Reserve \u2013 the central bank of the US \u2013 to cut interest rates in a bid to boost economic growth across the US economy.<\/p>\n<p>Trump also threatened to dismiss Fed chief Powell for not following his directive on cutting interest rates, calling him a \u201cnumbskull\u201d and \u201cmajor loser\u201d in public. The president\u2019s comments about Powell\u2019s replacement have stoked fears about the future independence of the Fed from political interference \u2013 a longstanding convention in the US.<\/p>\n<p>The Fed has already cut its benchmark interest rate three times this year, landing at 3.5 to 3.75 percent in mid-December. But Trump has previously suggested it should be as low as 1 percent.<\/p>\n<p>Lower interest rates make it cheaper to borrow money and encourage spending, but moving too quickly to cut rates or cutting them too sharply raises the risk of inflation.<\/p>\n<p>Michael Sandel, chief investment officer at Potomac River Capital and a Federal Reserve historian, told Al Jazeera that Trump was sending a clear message to the next chairman of the Fed.<\/p>\n<p>\u201cObviously, the statement in the final weeks of Powell\u2019s successor selection focuses attention on which of the finalists will do what Trump wants. Or put another way, who can convince Trump that their way is in his best interest,\u201d Sandel said.<\/p>\n<p>Top candidates to replace Powell include  Kevin Hassett, director of the National Economic Council; Kevin Warsh, a financier and former Fed governor; and Christopher Waller, a current Fed governor, according to the CNBC news outlet.<\/p>\n<p>Hassett said this week that the Fed should continue to cut interest rates, even as recent economic indicators show that the US economy is performing better than many analysts previously thought.<\/p>\n<p>The US Commerce Department this week posted 4.3 percent gross domestic product (GDP) growth for July to September, higher than the 3.2 percent growth predicted for the third quarter of 2025 by Dow Jones analysts, according to CNBC.<\/p>\n<p>Much of that growth was fuelled by consumer spending and exports, according to the Bureau of Economic Affairs.<\/p>\n<p>Sandel told Al Jazeera that Hassett looked like the strongest candidate due to his past working relationship with Trump.<\/p>\n<p>\u201cOf the finalists, my money\u2019s on Kevin Hassett, who\u2019s closest to Trump and as NEC chair, probably the last one in the room and the one who can make his case best,\u201d he said.<\/p>\n<p>Hassett also has the \u201crare\u201d skill of being able to \u201cteach Trump economics and evangelise Trump\u2019s own inimitable ideas\u201d, he added.<\/p>\n<figure id=\"attachment_4193143\" aria-describedby=\"caption-attachment-4193143\" style=\"width:770px\" class=\"wp-caption aligncenter\"><img decoding=\"async\" data-recalc-dims=\"1\" loading=\"lazy\" class=\"size-arc-image-770 wp-image-4193143\" src=\"https:\/\/www.aljazeera.com\/wp-content\/uploads\/2025\/12\/2025-12-23T180411Z_1677503409_RC2QHIAHE71N_RTRMADP_3_USA-TRUMP-ECONOMY-HASSETT-1766550814.jpg?w=770&amp;resize=770%2C514&amp;quality=80\" alt=\"FILE PHOTO: Kevin Hassett, director of the National Economic Council, speaks to the media outside the White House in Washington, D.C., U.S., December 16, 2025. REUTERS\/Evelyn Hockstein\/File Photo\" fetchpriority=\"low\"\/><figcaption id=\"caption-attachment-4193143\" class=\"wp-caption-text\">Kevin Hassett, director of the National Economic Council, speaks to the media outside the White House in Washington, DC, United States, on December 16, 2025 [Evelyn Hockstein\/Reuters]<\/figcaption><\/figure>\n<\/div>\n<p><br \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>US president is reviewing candidates to replace outgoing Federal Reserve chief Jerome Powell, who disagreed with Trump on interest rate cuts. Published On 24 Dec 202524 Dec 2025 Click here to share on social media share2 Share United States President Donald Trump has said that he expects the next chairman of the US Federal Reserve [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":6418,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-6417","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-us-canada-news"],"_links":{"self":[{"href":"https:\/\/inernews.online\/index.php?rest_route=\/wp\/v2\/posts\/6417","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/inernews.online\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/inernews.online\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/inernews.online\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/inernews.online\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=6417"}],"version-history":[{"count":0,"href":"https:\/\/inernews.online\/index.php?rest_route=\/wp\/v2\/posts\/6417\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/inernews.online\/index.php?rest_route=\/wp\/v2\/media\/6418"}],"wp:attachment":[{"href":"https:\/\/inernews.online\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=6417"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/inernews.online\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=6417"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/inernews.online\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=6417"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}