President Trump predicts substantial interest rate cuts after naming new Fed chair
President Trump said Friday that interest rates should drop once Kevin Warsh leads the Fed. He blamed current leadership for keeping rates high for politics.
President Donald Trump said today, February 20, 2026, that he expected interest rates in the US 
US to come down substantially. Trump cited his pick, Kevin Warsh, in making that remark, noting that Warsh is the nominee to succeed Federal Reserve Chair Jerome Powell. The comment links a presidential statement and a pending Federal Reserve leadership change to expectations about U.S. interest rates.
US to come down substantially. Trump cited his pick, Kevin Warsh, in making that remark, noting that Warsh is the nominee to succeed Federal Reserve Chair Jerome Powell. The comment links a presidential statement and a pending Federal Reserve leadership change to expectations about U.S. interest rates.
