Wall Street closes at a record for the first time since end of January
Investing.com -- U.S. President Donald Trump expressed confidence on Wednesday that the Federal Reserve will cut benchmark U.S. interest rates.
In an interview with NBC News, Trump stated there was "not much" doubt in his mind that the central bank would lower rates.
The president also discussed his nominee to lead the Federal Reserve, Kevin Warsh, suggesting that Warsh understands Trump’s preference for monetary easing.
"I think he does, but I think he wants to anyway," Trump said when asked if Warsh understood the president’s desire for lower interest rates.
Trump made it clear that support for rate cuts was a prerequisite for the position. "I mean, if he came in and said, ’I want to raise them’ ... he would not have gotten the job. No," the president stated.
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