Trump: Fed should avoid rate cuts before November election, consider JPMorgan Chase CEO Dimon as Treasury Secretary
According to ChainCatcher, former US President Trump was interviewed by Business Weekly, covering a wide range of topics including the US economy and his second presidential agenda if re-elected. Trump said that (if re-elected) he would allow Powell, the chairman of the Federal Reserve, to complete his term, including the position of governor (expiring in 2028), especially if he thought the latter was doing the right thing. In terms of policy interest rates, he warned that the Fed should avoid cutting interest rates before the November election to prevent boosting Biden. Regarding tax cuts, Trump hopes to reduce the corporate tax rate from the current 21% to as low as 15%, and no longer plans to ban TikTok. However, if this goal proves too difficult to achieve, he will be satisfied with a reduction to 20%. In addition, Trump also mentioned the issue of potential candidates for Treasury Secretary. He said that he could imagine that JPMorgan Chase CEO Dimon, who is said to be considering politics, is his candidate for Treasury Secretary.
