Story perspectives
Trump Predicts Rate Cuts, Targets Powell's Leadership
2/21/2026
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Story summary
- On February 20, 2026, U.S. President Donald Trump stated he expects interest rates to decrease significantly.
- He criticized Federal Reserve Chair Jerome Powell.
- He claimed Powell favors high rates for political reasons, according to Trump.
- Trump announced plans to nominate Kevin Warsh as Powell's successor when Powell's current term ends in May.
