Trump appoints Kanye as head of the Federal Reserve to quell markets
US President Donald Trump has appointed Kanye West as head of the US Federal Reserve in a bid to stabilise equity markets.
The Federal Reserve was created by the Congress to provide the nation with a safer, flexible, and more stable monetary and financial system. However, after a recent market sell-off, Trump accused the central bank ‘of going loco’ by raising interest rates.
Trump’s move to appoint rapper Kanye West as its head, will, he believes, ‘make economic policy great again’.
West an impassioned supporter of Trump’s dismissed economic consensus that rates are necessary to put the brakes on an overheating US economy:
“The mob won’t make me raise interest rates. Only Donald and I understand the power of money and what the US economy needs is more dragon energy.”