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Trump predicts interest rates will come down after he announces Fed chair pick

By Thomson Reuters Jan 27, 2026 | 5:22 PM

Jan 27 (Reuters) – U.S. President Donald Trump on ‍Tuesday said he will soon announce his pick to serve ‌as head ‌of the Federal Reserve, and predicted interest rates would decline ​after the new chair ‍takes ​over.

“When we have ​a great Fed ‍chairman, I think we’re going to have one. I’ll announce ‍it pretty soon. You’ll see rates ‍come ‍down a ​lot,” Trump ​said ⁠during a speech ‌in Iowa.

(Reporting by Ryan Patrick Jones in Toronto; Editing by Chris ⁠Reese)