off-the-wire

Trump says 'not much' doubt interest rates will be lowered, in NBC interview

Kitco Media
By Reuters
Published:
Updated:
Reuters
Trump says 'not much' doubt interest rates will be lowered, in NBC interview teaser image

WASHINGTON, Feb 4 (Reuters) - U.S. President Donald Trump said on Wednesday there was "not much" doubt in his mind that benchmark U.S. interest rates will be lowered by the Federal Reserve.

Trump said in an interview with NBC News he believes his choice to lead the Fed, Kevin Warsh, understands the U.S. president's preference for lower rates.

Asked if Warsh understood that Trump wanted him to lower interest rates, Trump said: "I think he does, but I think he wants to anyway."

He added: "I mean, if he came in and said, 'I want to raise them' ... he would not have gotten the job. No."

Reporting by Trevor Hunnicutt and Doina Chiacu; Editing by Caitlin Webber and Chris Reese

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