According to ChainCatcher, former US President Trump accepted an interview with 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 his position as a governor (expiring in 2028), especially if he believes that the latter is doing the right thing.
On policy rates, he warned that the Fed should avoid cutting rates before the November election to prevent giving Biden a boost.
Regarding tax cuts, Trump wants 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 JPMorgan Chase CEO Dimon, who is said to be considering entering politics, as a candidate for Treasury Secretary.
