Trump, Warsh and Fed
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By Ann Saphir and Susan Heavey WASHINGTON, Jan 30 (Reuters) - President Donald Trump on Friday chose former Federal Reserve Governor Kevin Warsh to head the U.S. central bank when Jerome Powell's leadership term ends in May,
The dollar rose on the prospect of Warsh as the Fed's leader, while the 30-year Treasury led gains in yields, flirting with 4.9%. Gold and silver tumbled, putting the brakes on ru
“The Fed should substantially lower interest rates, NOW!” Trump wrote.
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Breaking: Federal Reserve keeps interest rates unchanged as Trump continues to insist | Powell
The Federal Reserve paused interest rate cuts on January 28, 2026, keeping its benchmark near 3.6% after three reductions last year. Chair Jerome Powell said the economic outlook has clearly improved since December,
President Donald Trump on Thursday renewed his attacks on the head of the Federal Reserve and demanded once again that the central bank artificially cut interest rates regardless of whether such a decision is indicated by economic conditions.