Trump’s puppet?

The Federal Reserve ( Fed ) is like America's money boss. It decides interest rates, those affect how expensive it is to borrow money for things like homes, cars, or business loans. Right now, the boss is Jerome Powell. His job as boss ends in May 2026.

President Trump just said he'll pick and announce the next boss very soon, in early January 2026 (way before Powell's job ends). Why early? It gives time for Congress to approve the new person. Trump wants someone who'll probably cut interest rates faster (make borrowing cheaper) than Powell has been doing.

Top rumored pick: Kevin Hassett (one of Trump's economic advisors), or maybe others like Kevin Warsh.

What does this mean?

Lower rates could make loans cheaper, boost stocks/crypto, and help the economy grow faster. But it might also risk higher inflation later.
Big change coming to US money policy soon, exciting (or scary) times ahead!

Sincerely,

Pele23

Posted Using INLEO