Back to today’s briefing

Story perspectives

Trump Seeks New Fed Chair Amid Interest Rate Pressure

7/17/2025

50 5

Summary

Story summary

President Trump is looking for a replacement for Fed Chair Jerome Powell, citing his reluctance to lower interest rates.
Potential candidates include Kevin Hassett, who supports lower rates, and Kevin Warsh, who prioritizes growth.
Growing political pressure on the Fed is heightening expectations for interest rate cuts.
The bond market is responding to this uncertainty, presenting opportunities in long-dated Treasuries and TIPS.

1 of 1

Story summary

President Trump is looking for a replacement for Fed Chair Jerome Powell, citing his reluctance to lower interest rates.
Potential candidates include Kevin Hassett, who supports lower rates, and Kevin Warsh, who prioritizes growth.
Growing political pressure on the Fed is heightening expectations for interest rate cuts.
The bond market is responding to this uncertainty, presenting opportunities in long-dated Treasuries and TIPS.