In recent remarks, US President Donald Trump delivered a notable message on both monetary and foreign policy. President Trump continued to make harsh statements against Iran, saying that Iran’s religious leaders should be “deeply concerned right now.”
On the economic front, President Trump said lower interest rates are “almost inevitable.” President Trump mentioned Kevin Warsh, the new candidate for Federal Reserve chairman, and suggested that he expected Warsh to support lowering interest rates. Trump also publicly endorsed a dovish monetary policy stance, saying, “If you say you want to raise interest rates, you won’t get this job.”
Meanwhile, U.S. Treasury Secretary Scott Bessent said in testimony before the House Financial Services Committee that he has no opinion on whether the president has the constitutional authority to remove the chairman or board of the Federal Reserve over disagreements over monetary policy. But Bessent added that he views the Fed as an independent institution.
*This is not investment advice.
