Trump says next Fed chair will believe in lower interest rates 'by a lot'

18/12/2025 16:58

U.S. President Donald Trump said on Wednesday the next chairman of the U.S. Federal Reserve will be someone who believes in lower interest rates "by a lot."



"I'll soon announce our next chairman of the Federal Reserve, someone who believes in lower interest rates, by a lot, and mortgage payments will be coming down even further," Trump said.



Trump made the comments during a national address touting his economic and national security accomplishments in the first year of his second term in office.

He has previously indicated that he will announce his chosen successor to current Fed Chair Jerome Powell early next year.



All of the known finalists - White House economic adviser Kevin Hassett, former Fed Governor Kevin Warsh and current Fed Governor Chris Waller - advocate for interest rates to be lower than they are now.



None, however, has expressly indicated they would push the U.S. central bank to slash rates as low as Trump has demanded, in some cases to as low as a crisis-level 1%. The current Fed rate ranges from 3.5% to 3.75%, and not even his latest appointee - Governor Stephen Miran - advocates for a rate anywhere near that low.