New Delhi, Dec. 24 -- Trump says his next Fed pick must cut interest rates, defying US financial elites.

WASHINGTON - US President Donald Trump stated on December 23 that his next Federal Reserve chair must align with his view on lowering interest rates when markets perform well. In a Truth Social post, he emphasized wanting a market that rises on good news and falls on bad news, warning that Trump says anyone disagreeing would never lead the central bank.

The remarks continue Trump's pattern of publicly pressuring the Federal Reserve over US interest rates, as documented in multiple 2025 statements criticizing current Chair Jerome Powell for insufficient cuts.

Trump's Record on Fed Pressure

Trump has repeatedly called for lower rates...