Trump says ‘anyone who disagrees’ with him will never head Federal Reserve

Donald Trump, the president of the United States, has stated that he anticipates the US Federal Reserve chairman to maintain interest rates low and never “disagree” with him.

Trump made his remarks on Tuesday as candidates for the vacancy in Jerome Powell’s place began interviews.

Trump stated in a lengthy post on his Truth Social platform that “I want my new Fed Chairman to lower interest rates if the Market is doing well, not destroy the Market for no reason whatsoever.”

“The United States should be compensated for success rather than its downfall.” “The Fed will never be the Chairman if anyone disagrees with me.”

Trump has repeatedly pressed the Federal Reserve, the country’s central bank, to lower interest rates since taking office in February in an effort to promote economic growth in the US economy.

Trump also threatened to fire Fed Chairman Powell in public for not following his policy’s cut-off, calling him a “numbskull” and “major loser.” Concerns about the Fed’s future independence from political interference, a long-standing convention in the US, have been fueled by the president’s remarks regarding Powell’s replacement.

The Fed’s benchmark interest rate has already been reduced three times this year, starting at 3.5% to 3.75 percent in mid-December. However, Trump has previously suggested that the ratio should be as low as 1%.

Lower interest rates lower borrowing costs and encourage spending, but cutting rates too quickly or cutting them too sharply increases the risk of inflation.

Trump is addressing the next Fed chairman with a clear message, according to Michael Sandel, the chief investment officer at Potomac River Capital and a historian of the Federal Reserve.

“Evidence is drawn attention to which of the finalists will do what Trump wants,” Powell’s successor’s statement, “undoubtedly.” Or, to put it another way, who can persuade Trump that their plan serves his best interest, Sandel said.

According to the CNBC news outlet, Christopher Waller, a current Fed governor, Kevin Hassett, the director of the National Economic Council, Kevin Warsh, a financier, and Kevin Hassett, are the top candidates to replace Powell.

Hassett claimed this week that the Fed should keep cutting interest rates despite recent economic indicators that many analysts had previously assumed the US economy was performing better.

CNBC reported that the US Commerce Department reported 4.3 percent growth in its gross domestic product (GDP) for the months of July and September, which is higher than the 3.2% growth that Dow Jones analysts had predicted for the third quarter of 2025.

According to the Bureau of Economic Affairs, consumer spending and exports contributed to much of that growth.

Hassett appeared to be the strongest candidate, according to Sandel, who had a working relationship with Trump prior.

Kevin Hassett, who is closest to Trump and the NEC chair, is probably the final choice and the one who can make his case the best, he said.

Hassett added that he possesses the “rare” ability to “teach Trump’s economics and propagandize Trump’s own unwavering ideas.”