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Trump suddenly stated: Has locked in the successor to the Federal Reserve Chairman, will push for interest rate cuts more vigorously. On Sunday (November 30), local time, U.S. President Trump said that after clearly requesting his nominee to promote interest rate cuts, he has decided on the candidate for the next Federal Reserve Chairman and will announce this decision soon. Insiders told Bloomberg last week that Kevin Hassett, director of the White House National Economic Council and Trump's chief economic advisor, is seen as a possible successor to Powell, focused solely on pushing for interest rate cuts more vigorously.