Trump's Litmus Test for Federal Reserve Leader: Immediate Rate Cuts

In a Politico interview, U.S. President Donald Trump stated that any potential Federal Reserve leader must support immediate interest rate cuts. This condition serves as a litmus test for selecting the central bank chair.

U.S. President Donald Trump has made it clear that a commitment to cutting interest rates immediately is crucial for anyone he chooses to lead the Federal Reserve. This revelation came during an interview with Politico, published on Tuesday.

When asked explicitly whether the new central bank chair would be required to lower interest rates at once, Trump affirmed with a "yes."

The president's declaration sets a clear litmus test for potential candidates, reflecting his desire for monetary easing at the Federal Reserve.

(With inputs from agencies.)