Trump Says He'll Announce Fed Chair Pick Next Week

• President Trump to announce new Federal Reserve Chair next week.
• Criticized current interest rates as 'unacceptably high' and advocates for 'two or three points lower'.
• Stated each percentage point reduction in interest rates is equivalent to $500 billion in savings for the US economy.
• Accused the current Fed head of being 'politically biased' regarding interest rate policy.

President Trump announced he would name the next Federal Reserve Chair next week, expressing strong disapproval of current interest rates. He believes rates are 'unacceptably high' and should be 'two or three points lower', equating each point to $500 billion in savings. Trump also suggested the current Fed head is 'politically biased'.