Workflow
iShares US Treasury Bond ETF
icon
Search documents
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]