"Finally, I've instructed government-backed institutions to purchase up to $200 billion in mortgage bonds to bring down interest rates, and I'll be announcing a new Fed chairman in the not-too-distant future. I think he'll do a very good job, mused Trump before realizing that he had just given some insight into whom he had selected. See, I gave away some of it he. I did give that away, so we have something, got something, quipped the president before continuing: But somebody that's very respected."
"They're all respected, they're all great. Everyone that I interviewed is great. Everyone could do, I think, a fantastic job. Problem is they change once they get the job, they do. You know, they're saying everything I want to hear and then they get the job, they're locked in for six years, they get the job and all of a sudden, Let's raise rates a little bit. I call them, Sir, we'd rather not talk about this."
President Donald Trump hinted at his selection to succeed Jerome Powell as Federal Reserve chair and said he will announce the pick in the near future. He instructed government-backed institutions to purchase up to $200 billion in mortgage bonds to lower interest rates. He described the prospective appointee as very respected and capable. He criticized Powell as 'Too Late Powell,' saying Powell is consistently late raising interest rates except before the election. He said candidates often change after taking office, called that 'disloyalty,' and expressed hope the new chair will do the right job.
Read at www.mediaite.com
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