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Trump Says Interest Rates Will Come Down 'A Lot' Under His New Fed Chair Pick: Announcement Coming 'Pretty Soon' - BlackRock (NYSE:BLK)
Benzinga· 2026-01-28 06:21
Group 1 - President Trump criticized the Federal Reserve and Chair Jerome Powell for maintaining high interest rates, suggesting that rates will decline significantly under the next Chair [1][2] - Trump accused Powell of being indecisive and deliberately keeping borrowing costs elevated, asserting that his administration had previously managed to lower rates [2] - The Federal Open Market Committee meeting is anticipated to keep interest rates unchanged, with a 97.2% probability of this outcome according to CME Group's FedWatch tool [3] Group 2 - Trump has indicated that he has made his choice for the next Fed Chair, with Rick Rieder from BlackRock Inc. being the frontrunner at a 51% chance of appointment [4] - Former Federal Reserve Governor Kevin Warsh is in second place with a 27% chance, while Kevin Hassett from the National Economic Council has a 7% chance [5] - The iShares US Treasury Bond ETF, which tracks U.S. Treasuries, experienced a decline of 0.11%, closing at $23.04, indicating an unfavorable price trend in the short, medium, and long terms [5]
Will the Central Bank Lose Independence Under Trump?
Principles by Ray Dalio· 2025-06-24 15:29
Central Bank Independence & Monetary Policy - The core debate revolves around the independence of the Federal Reserve and its monetary policies [1] - A historical belief supports an independent central bank to avoid politically motivated credit easing [1] - The aim is to defend the value of money and bond values [1] Economic Impact & Stakeholder Interests - Concerns exist about central banks potentially losing money through their activities [2] - These activities may hinder addressing debt and overall economic challenges [2] - Debt holders favor tight monetary policy for good returns, while those seeking economic stimulation prefer the opposite [3]