U.S. President Donald Trump on Tuesday said he will soon announce his pick to serve as head of the Federal Reserve, and predicted interest rates would decline after the new chair takes over.
"When we have a great Fed chairman, I think we're going to have one. I'll announce it pretty soon. You'll see rates come down a lot," Trump said during a speech in Iowa.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.