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WSJ’s Timiraos: New Fed chair may struggle to deliver Trump’s desired rate cuts
A central question emerging from Washington and Wall Street alike is whether Donald Trump could engineer rapid interest-rate cuts simply by replacing Federal Reserve Chair Jerome Powell in 2026. But as Nick Timiraos of The Wall Street Journal argues, the problem isn’t the chair — it’s the votes. Timiraos notes that the Federal Open Market Committee is unusually split over the prospect of a December rate cut, and that the move is unlikely unless Powell himself insists on it. That divide, he writes, shows why a future Fed chair installed by Trump might also struggle to deliver cuts without majority backing. The ... (full story)
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