“I have no intention of firing him,” Trump told reporters at the Oval Office. “I would like to see him be a little more active in terms of his idea to lower interest rates.”
Calling it a “perfect time” to cut rates, Trump said that such a move would not be critical but would help the economy.
“If he doesn’t, is it the end? No, it’s not. But it would be good timing,” he said.
Trump pointed to a recent drop in prices, particularly in energy and grocery items, as justification for a rate cut.
“The only thing that hasn’t come down – but hasn’t gone up much – is interest rates, and we think the Fed should lower the rate,” he said. “We would like to see our chairman be early or on time, as opposed to late.”
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