Trump To Keep Powell Fed Chair, Aims To Lower Taxes, While Tariffs Key Policy If Elected Again

US Presidential Candidate Trump gave a wide ranging interview to Bloomberg, which was done in late June, hence prior to the debate with President Biden and the weekend's assassination attempt. Below are some of the key take aways. See this link for more details.

• Fed & Chair Powell: "“I would let him serve it out,” Trump says, “especially if I thought he was doing the right thing.” Even so, Trump has thoughts on interest-rate policy, at least in the near term. The Fed, he warns, should abstain from cutting rates before the November election and giving the economy, and Biden, a boost. Wall Street fully expects two interest-rate cuts before the end of the year, including one, crucially, before the election. “It’s something that they know they shouldn’t be doing,” he says."
• US Economy: "Trump says he’ll bring down prices by opening up the US to more oil and gas drilling. “We have more liquid gold than anybody,” he says. Third is immigration. He believes harsh restrictions are key to boosting domestic wages and employment. He characterizes immigration restrictions as “the biggest [factor] of all” in how he’d reshape the economy."
• Taxes: "Trump says he reminded the assembled executives that in 2017 he slashed the corporate tax rate “from 39% to 21%” (actually from 35% to 21%) and vowed to push it lower still, to 20%. “They loved it, they were happy,” he recalls. He adds that he wants to cut the rate even lower than that: “I would like to get it down to 15.”
• Tariffs: "As president, Trump shattered the long-standing Republican orthodoxy of favoring free trade. He says he’ll go further if reelected. At Mar-a-Lago he offers an impassioned defense of US tariffs—he’s been studying McKinley, dubbing him “the Tariff King”—to make it clear he intends to ratchet up levies not just on China but on the European Union, too.” "In addition to targeting China for new tariffs of anywhere from 60% to 100%, he says he’d impose a 10% across-the-board tariff on imports from other countries, citing a familiar litany of complaints about foreign countries not buying enough US goods."
• Foreign Policy: "Asked about America’s commitment to defending Taiwan from China, which views the Asian democracy as a breakaway province, Trump makes it clear that, despite recent bipartisan support for Taiwan, he’s at best lukewarm about standing up to Chinese aggression. Part of his skepticism is grounded in economic resentment. “Taiwan took our chip business from us,” he says."