Archive · 18 Dec 2025
Trump Announces Fed Chair Pick
President Trump said he will soon announce the new head of the Federal Reserve.
He wants this person to lower interest rates a lot, which would make mortgage payments cheaper.
He made this announcement from the White House.
The current head of the Federal Reserve is Jerome Powell.
Trump thinks this change will help people save money on their homes.
Markets are also watching decisions from other central banks like the Bank of England and the Bank of Japan.
Some people in the Fed have different opinions about how much to lower interest rates.
President Trump will soon announce the successor to current Fed Chair Jerome Powell.
The new Fed Chair will focus on lowering interest rates significantly.
Lower interest rates are expected to reduce mortgage payments further.
Trump made the announcement from the Diplomatic Reception Room of the White House.
Markets are also reacting to decisions from the Bank of England and the Bank of Japan.
- Who
- US President Donald Trump
- What
- Announcement of the next Fed Chair
- When
- Soon (exact date not specified)
- Where
- White House, Diplomatic Reception Room
- Why
- To lower interest rates and mortgage payments
Trump's View
Fed Officials' View
Interest Rates
Trump's View
Trump wants significantly lower interest rates.
Fed Officials' View
Fed officials like Waller and Bostic have differing views on rate cuts, with Waller seeing room for cuts and Bostic questioning the last cut.
- Current Fed Chair
- Jerome Powell
- Trump's Priority
- Lower interest rates by a lot
- Announcement Timing
- Soon (exact date not specified)
- Location of Announcement
- White House, Diplomatic Reception Room
- Expected Impact
- Lower mortgage payments
- Market Reaction
- Dollar held gains against major counterparts
- BOE Rate Cut
- Near 100% chance of a quarter-point rate cut
- BOJ Rate Hike
- Expected to raise short-term interest rates to 0.75%
