Trump to Announce New Federal Reserve Chair, Predicts Rate Declines

President Donald Trump announced he will soon name a new Federal Reserve chair, predicting interest rates will decline under the new leadership.

President Donald Trump announced on January 27, 2026, during a speech in Iowa, that he will soon select a new chair for the Federal Reserve. In his announcement, Trump expressed his expectation that interest rates will decline under the new leadership, signaling a potential shift in the nation's monetary policy.
FILE PHOTO: The facade of the Federal Reserve Board building is seen under construction in Washington, D.C., U.S., on September 17, 2025. REUTERS/Ken Cedeno/File Photo
FILE PHOTO: The facade of the Federal Reserve Board building is seen under construction in Washington, D.C., U.S., on September 17, 2025. REUTERS/Ken Cedeno/File Photo
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