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Trump Poised to Nominate Fed Chair Amid Rate Criticism

1/30/2026

Summary

Story summary

U.S. President Donald Trump plans to announce his Federal Reserve chair nominee next week, with BlackRock executive Rick Rieder favored in prediction markets.
Trump criticized Federal Reserve Chair Jerome Powell for high rates, saying rates should be 2 to 3 percentage points lower.
Rieder supports lower rates.
Observers worry about Fed independence under a new chair, though all candidates support it.
Next FOMC meeting is scheduled for March 17–18, 2026.

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Story summary

U.S. President Donald Trump plans to announce his Federal Reserve chair nominee next week, with BlackRock executive Rick Rieder favored in prediction markets.
Trump criticized Federal Reserve Chair Jerome Powell for high rates, saying rates should be 2 to 3 percentage points lower.
Rieder supports lower rates.
Observers worry about Fed independence under a new chair, though all candidates support it.
Next FOMC meeting is scheduled for March 17–18, 2026.