The new chairman of the Federal Reserve did not cut interest rates, and Trump responded: "I respect his judgment."

On Wednesday, US President Trump expressed confidence in new Federal Reserve Chairman Jerome Powell as he concluded his first interest rate decision meeting, deciding to keep rates unchanged. The dot plot showed that nearly half of Fed officials believe that a rate hike is necessary this year. When asked about his thoughts on the Fed's decision to keep rates unchanged, Trump said, "It doesn't matter, let it be." When asked about the possibility of a rate hike, Trump said, "It could happen, that's hard to believe. Raising rates will only drag down the national economy, and it is very, very unusual. But we have a very talented person in charge now, so I will respect his judgment."