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Trump Demands Next Fed Chair Be 'Super Dovish' and Regularly Consult with Him on Interest Rates

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U.S. President Donald Trump has called for the next Fed Chair to be “super dovish” and to regularly consult with him on rate decisions. Trump criticized current monetary policy and suggested Kevin Warsh and Kevin Hassett as possible candidates. None of the potential nominees have pledged to cut rates to his preferred 1% level. His remarks have sparked concerns about the Fed’s independence, which affects liquidity and crypto markets. A weaker Fed could boost risk-on assets, but at the cost of policy credibility.
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