The Senate Banking Speaker supports Trump’s Federal Reserve choice, sees 50 possible basis points

First on the fox: Senate Banking Committee Chairman Tim ScottR-SC, Fox News Digital, told the 50-basis points reduction this week and reached the arrival of President Donald Trump, who is recently confirmed in the provincial council in the Federal Reserve.

Stephen Miran, Economic Adviser to President Trump and former President of the Economic Counselors, It was confirmed by the US Senate To fill a vacancy in the Federal Reserve Council late Monday night.

“I talked to (Miran) about two really important things,” Scott said in a call with Fox News Digital. “The Independence of the Federal Reserve, (and) exchange the president’s vision of what drives our economy forward.”

The Federal Reserve is expected to reduce prices for the first time in 2025 amid Trump’s pressure

“The president has done a good job in pushing our country forward,” Scott added. “What does it need? One big thing. I think a lower interest rate.”

Miran obtained a Bachelor’s degree in Economics from Boston University, and then a PhD from Harvard in 2010.

Scott, the US Senate Senior Senate official, explained to Fox News Digitter that Miran’s ability to ensure economic growth when the Federal Reserve meets to discuss trends in the economy and a possible change in the rate in Washington, DC, this week.

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“I wanted to make sure that Stephen and I are on the same page about his commitment to looking at the American economy and understanding the basic engines in this economy,” Scott told Fox.

“Because of his experience, because of his leadership and clear commitment, I think we have found a man prepared for this position because of who he is, as well as what he knows,” Scott explained.

President Trump’s pressure Federal Reserve Chairman Jerome Powell Because of the low interest rates during his campaign in 2024 and throughout his presidency. The Federal Reserve has not lowered prices since Trump took office during his second term.

Federal Reserve Chairman Jerome Powell, “Samam Al -Bir”, on this, the accusations of the Republican Party

Just outside: There is no enlargement !!! Trump was actually published in social truth last week. “Powell is a complete disaster, it has no idea !!!”

As for the potential price reduction, the Federal Open Market Committee (FOMC) It is expected to be made “I think the answer is the answer is yes,” Scott told Fox. He was asked if there are 50 basis points.

CME FedwatchWhich uses possibilities accounts to determine how financial markets predict a rate of reducing a rate, showing a 96 % chance to reduce 25 basis points and an opportunity by only 4 % to reduce 50 basis points.

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Federal Reserve Chairman Jerome Powell is He is expected to make statements Regarding the FOMC meeting and any reduction price at 2:30 pm East time on Wednesday afternoon.