The former US president referred to his economic axes and pledged to keep Jerome Powell at the head of the Fed until 2028 if he is elected.
The former president of United States, Donald Trump, candidate of the Republican Party for the elections November, he assured that, if elected, he will keep the president of the Federal Reserve (Fed), Jerome Powell, until his term ends in January 2028, but he was against a near decline in the interest rates.
Following the failed attack against him last Saturday, Trump expressed in an interview with Bloomberg that he considers Jamie Dimon, CEO of JPMorgan Chase and one of the most listened to voices in Wall Street, as possible Secretary of the Treasury, role that it occupies today Janet Yellen.
During the note, which was written just before the attack, the former US president promised to lower “the maximum tax rate” for companies to 15%, compared to the current 21%. It is worth remembering that he already lowered it from 35% in 2016.
Self-criticism was also felt by the Republican, who admitted that during his first term he did not always surround himself with the right people. “I had some people that I would not choose a second time. Now I know everyone, I am truly someone experienced.”
Donald Trump’s view on interest rates
Regarding the interest rates, Trump said he opposes a rate cut, something that would happen in September, that is, before the elections. “That is something they should not do,” he warned, as it would give a boost to the economy and the presidency of his rival, President Joe Biden.
When mentioning his ideas for lowering the inflation, He mentioned promoting prospecting for gas and oil, thus seeking to achieve a reduction in prices fuels which would have a contagion effect.
At the same time, he insisted with his speech anti-immigration, which is linked to the objective of protecting the population from USA, and especially African Americans, of the low wages that illegal immigrants supposedly accept.
Finally, with regard to the International Trade, ratified its intention to impose a 10% tax on any foreign product, which in the case of China aims to increase up to 100% of the value of the product.
Source: Ambito
