Trump, mentioning Fed chair pick, says interest rates should come down substantially

WASHINGTON, Feb 20 (Reuters) – U.S. President Donald Trump on ​Friday, citing ‌his pick to succeed Federal Reserve Chair Jerome Powell, said ‌he ​expected interest ⁠rates to come ⁠down substantially.

“We have a very incompetent Fed chairman who ​likes high interest rates – for ⁠political reasons ⁠he likes ​them – but we’re going ​to have somebody very ‌good, interest rates should down very substantially,” he ⁠told a briefing.

Trump last month announced plans to ⁠nominate ‌Kevin Warsh ⁠to succeed ​Powell ‌when his term ​as chair ⁠ends in May.

(Reporting by Gram Slattery, writing by Andrea ShalalEditing by David ​Ljunggren)