Trump Says Next Fed Chair Should Consult Him on Interest Rates

President Donald Trump said in an interview that the next Federal Reserve chair should consult with him on interest rate decisions, describing the practice as routine in earlier eras and arguing that presidential input should again be part of the process.

“Typically, that’s not done anymore. It used to be done routinely. It should be done,” Trump said. “It doesn’t mean I don’t think he should do exactly what we say.

“But certainly I’m a smart voice and should be listened to.”