Trump: New Fed Chair's Big Test Is Quick Rate Cut

• Donald Trump stated that the new Fed chairman's key test will be their willingness to quickly cut interest rates.
• Trump criticized current Fed Chairman Jerome Powell, suggesting he lacks intelligence and doesn't like him; Powell is expected to leave in May next year.
• Kevin Hassett, Director of the White House National Economic Council, is a leading candidate for the new Fed chairman, having previously advocated for immediate interest rate cuts.
• The Federal Reserve is set to announce its monetary policy on December 10, with global focus on potential interest rate reductions.
• Other candidates for the Fed chairman position include Fed Governors Christopher Waller and Michelle Bowman.

Why It Matters: Trump's push for Fed rate cuts could reshape US economic future.