President Trump chose a Federal Reserve chair he thinks he can count on to lower interest rates. History suggests three different ways presidents have come to regret that bet.

Core Viewpoint - President Trump believes that his new chair can lead to low interest rates, contrasting with the experiences of three previous presidents who found otherwise [1] Group 1 - The article discusses the historical context of presidential influence on interest rates, highlighting that past presidents have faced challenges in achieving low rates despite their expectations [1] - It emphasizes the complexity of monetary policy and the limitations of presidential power in directly controlling interest rates [1] - The article suggests skepticism regarding the effectiveness of the new chair in delivering the anticipated economic outcomes [1]