Trump: The Fed Should Follow His Guidance, Interest Rates Will Be Lowered Soon

Odaily News U.S. President Trump said on Wednesday that if the candidate he nominated for Federal Reserve Chair had expressed a willingness to raise interest rates, they would not have been appointed to the position. He believes the Fed is theoretically an independent institution but should follow his guidance.

He stated that interest rates will be lowered soon, believing "our interest rates are too high," and emphasized that he understands the economy better than almost anyone else. (Jin10)