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Trump's latest interview: I don't want to cut interest rates in the near future, talk about tax rates and potential Treasury ministers, etc

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2024-07-16 22:04:24
On July 17, former US President Donald Trump gave a 90-minute interview to Businessweek, covering a wide range of topics such as the US economy and the agenda of his second president if re-elected. Trump said that (if re-elected) he would allow Powell, the chairperson of the Federal Reserve, to complete his term, including the governorship (which expires in 2028), especially if he believes the latter is doing the right thing. On policy rates, he warned that the Fed should avoid cutting interest rates before the November election to avoid giving Biden a boost. Regarding tax cuts, Trump wants to cut the corporate tax rate from the current 21% to as low as 15%. However, if that goal proves too difficult to achieve, he will settle for a 20% reduction. In addition, Trump also raised the question of a potential Treasury secretary, saying he could assume that Dimon, the CEO of Xiaomo, who is said to be considering politics, "is a Treasury secretary candidate he would consider." On the issue of presidential pardons, Trump insisted that he would not pardon himself if convicted of federal crimes in pending cases against him.
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