Trump Pushes for Further Rate Cuts Amid Fed Leadership Shuffle

President Trump has welcomed the Fed's 25-basis-point interest rate cut but is pushing for further reductions. The Fed is monitoring economic indicators, inflation trends, and job market developments before deciding on future monetary policy actions. Treasury Secretary Scott Bessent is leading the search for Fed Chair Jerome Powell's replacement, with Kevin Hassett seen as the front-runner. The nomination process has drawn scrutiny from lawmakers and economists concerned about the central bank's independence.