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Trump says the Federal Reserve is 'in theory' an 'independent body'
President Donald Trump said Wednesday that his pick to lead the Federal Reserve would not have received the job offer had he expressed a desire to raise interest rates.
And while he said he believes the central bank is “in theory” an “independent body,” Trump suggested the Fed should follow his lead because he thinks he knows the economy “better than almost anybody.”
Speaking with “NBC Nightly News” anchor Tom Llamas in an extensive interview, Trump said there was “not much” doubt in his mind that interest rates would soon be lowered. Pressed about how he could be so sure, he said: “I just think they’re going to be lowered. I mean, they should be lower.”
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