[Trump Criticizes Fed's Rate Cut as Too Small and to Interview Kevin Warsh for Chair Position]
U.S. President Trump on Wednesday criticized the Federal Reserve for its third consecutive 25-basis-point rate cut, calling the reduction too small and suggesting it should have been at least doubled. He accused Powell of being inflexible. Trump stated that he would interview former Fed Governor Kevin Warsh that day as a candidate for the chair position, emphasizing his view that interest rates should be significantly lowered and that he is seeking a candidate who is honest about rate issues. The selection process for the Fed chair is nearing its conclusion, with National Economic Council Director Kevin Hassett considered a frontrunner. Other finalists include Christopher Waller, Michelle Bowman, and BlackRock's Rick Rieder. A final decision may be announced within the next two weeks.