Fed Chaos: Trump Demands Rate Control 🤯 💥

World News

Trump’s Demand for Low Rates Dominates Fed Chair Selection
The United States President Donald Trump stated he anticipates the next chairman of the US Federal Reserve will maintain low interest rates and will “never disagree” with him. This comment came on Tuesday during the selection process for a candidate to replace outgoing Federal Reserve Chair Jerome Powell. In a lengthy post on his Truth Social platform, Trump wrote, “I want my new Fed Chairman to lower Interest Rates if the Market is doing well, not destroy the Market for no reason whatsoever.” He asserted, “The United States should be rewarded for SUCCESS, not brought down by it. Anybody that disagrees with me will never be the Fed Chairman!” ---

Powell’s Replacement: A Battle for Economic Direction
Throughout his term in office, beginning in February, President Trump has consistently pressured the Federal Reserve – the central bank of the US – to reduce interest rates, aiming to stimulate economic growth across the nation. Notably, he publicly criticized Chair Powell, referring to him as a “numbskull” and a “major loser.” The Federal Reserve has already implemented three reductions to its benchmark interest rate this year, resulting in a range of 3.5 to 3.75 percent by mid-December. ---

Market Growth Fueled by Spending and Exports
This growth was primarily driven by consumer spending and exports, according to data from the Bureau of Economic Analysis. The Federal Reserve’s rate cuts, intended to encourage borrowing and investment, contributed directly to this uptick in economic activity. The data highlighted the impact of monetary policy on the nation’s overall economic performance. ---

Hassett Emerges as Top Candidate, Reflecting Trump’s Vision
Political analyst James Sandel, speaking to Al Jazeera, indicated that Kevin Hassett appeared to be the strongest candidate, citing his prior working relationship with Trump and his role as former chairman of the National Economic Council, suggesting he was “probably the last one in the room and the one who can make his case best.” “Kevin Hassett, director of the National Economic Council, was able to articulate Trump’s economic policies and champion his distinctive ideas,” Hassett said. ---

Unique Perspective – Hassett’s Role in Advocating Trump’s Ideas
The statement was made as Hassett spoke to the media outside the White House in Washington, D.C., on December 16, 2025. He described the ability as “rare,” noting his capacity to explain Trump’s economic approach and advocate for his unique perspective. This focus on a singular, Trump-aligned economic vision appears to be a key factor in Hassett's candidacy.