The president of the United States, Donald Trump, dismissed an appointment of the Treasure Secretary on Tuesday, Scott Besent to the Federal Reserve Chief (Fed) when the successor of Governor Adriana Kugler and President Jerome Powell must soon decide. Adriana Kugler will leave the Central Bank on August 8 after her unexpected resignation announced on Friday. His departure comes in a tensions context, while Donald Trump multiplies criticism against Jerome Powell, whose mandate ended in May 2026.
During an interview with CNBC, Donald Trump said Tuesday that he would soon announce his decisions on appointments within the Fed. He said he examined four candidates to replace Jerome Powell, but said that Scott Besent was not part of that, he expressed his desire to remain in his current position. “I love Scott, but he wants to stay where he is,” said Donald Trump. Before continuing:
According to CNBC, among the probable candidates are former governor Kevin Warsh and Kevin Hasset, Donald Trump’s economic advisor. Both declared in favor of a drop in the rates. The governor of the Fed, Christopher Waller, is also on the list.
“I want you to decrease the rates”
Since spring, Donald Trump has been calling other US central bankers to overthrow Jerome Powell and regularly pretends to expel him, while the Federal Reserve has not yet lowered his rates as a tenant of the White House.
Last week, Donald Trump once again attacked Jerome Powell, calling him “stupid”, after his institution once again left his interest rates unchanged. The president of the Federal Reserve (Fed) “is late, and in reality, too annoying, too stupid and too political to do this job,” Donald Trump wrote in his social network of truth.
“I want you to reduce the rates,” he said. In fact, such a measure could facilitate credit, promote activity and reduce debt burden for the federal state. But there are “many, many uncertainties to lift” regarding the impact of customs tasks on the US economy, judged Jerome Powell, because reducing rates could recover inflation.
Source: BFM TV
