00:00President Trump blasted the Federal Reserve's quarter-point rate cut as too timid,
00:04saying it should have been, quote, at least doubled,
00:06and criticized Chair Jerome Powell as, quote, a stiff.
00:10At a White House CEO roundtable, the president said he wants a successor
00:13who will be, quote, honest with interest rates,
00:17as he interviews top contenders Kevin Warsh and Kevin Hassett for the Fed chair role.
00:21His remarks came after a divided Fed delivered its third cut of the year,
00:25with members split between no change and a larger reduction.
00:28Powell defended the move as a close call
00:31and pointed to Trump's own tariffs as a factor behind elevated inflation.
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