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Powell’s successor may struggle to deliver the rate cuts Trump wants

  • Federal Reserve watchers caution against expecting the next Fed leader to easily deliver the rate cuts President Trump desires.
  • Investors are speculating on interest rate drops post-Jerome Powell's tenure, betting on Trump's intentions to nominate a chair favoring rate cuts.
  • The new Fed chair will need to build support within the Federal Open Market Committee for rate adjustments, as consensus is crucial for policy changes.
  • While Trump seeks lower rates, the decision will depend on economic developments and building a broad-based agreement within the committee.

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