President Donald Trump and Wall Street Want Lower Interest Rates -- but Fed Chair Nominee Kevin Warsh May Have Other Plans

Although Donald Trump appointed Jerome Powell to serve as Fed chair during his first, non-consecutive term in the White House, the president and Powell have publicly feuded over the velocity of interest rate reductions since Trump's second term began. Powell's time as Fed chair will come to a close exactly three months from today, on May 15, 2026.The Federal Open Market Committee (FOMC) is a 12-person body, including Fed Chair Jerome Powell, that's responsible for setting our nation's monetary policy. It do ...