Trump, mentioning Fed chair pick, says interest rates should come down substantially
ReutersFeb 20, 2026 7:03 PM
WASHINGTON, Feb 20 (Reuters) - U.S. President Donald Trump on Friday, citing his pick to succeed Federal Reserve Chair Jerome Powell, said he expected interest rates to come down substantially.
"We have a very incompetent Fed chairman who likes high interest rates - for political reasons he likes them - but we're going to have somebody very good, interest rates should down very substantially," he told a briefing.
Trump last month announced plans to nominate Kevin Warsh to succeed Powell when his term as chair ends in May.
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