Reported about 13 hours ago
Markets anticipate a more dovish Federal Reserve amid speculation that Jerome Powell may be replaced as chair by someone aligned with President Trump’s monetary policy preferences. While the Fed’s projections suggest modest rate cuts by 2026, investors predict more aggressive easing, reflecting concerns over the economy and Trump's stance on interest rates. However, experts caution that any new chair would still need to navigate consensus within the Fed to implement significant policy changes.
Source: YAHOO