Kevin Warsh was interviewed by the Trump team for the top spot at the fed. The full article is here. Warsh had an important statement about the Oval Office interview with regards to interest rates:
“If you think it was a subject upon which he delicately danced around, then you’d be mistaken. It was certainly top of mind to the president … The president has a view about asset prices and stock markets. He has a view based on his long history in his prior life as a developer and real estate mogul of the role of interest rates.”
The fed will be slow in raising interest rates. This is the philosophy which dominates the fed board members and the white house.