Kevin Warsh sworn in as Fed chair, as traders forecast rate hikes in 2026

US President Donald Trump has repeatedly said he wants the Federal Reserve to lower interest rates, but investors forecast no chance of a rate cut in 2026.

Kevin Warsh was sworn in on Friday as the chairman of the United States Federal Reserve, but investors and traders still forecast no interest rate cuts for the rest of 2026.

Speaking at the ceremony, US President Donald Trump said that Warsh will remain “independent” of the Executive Branch regarding interest rate policy, and claimed that employment numbers are at record levels. 

“Thankfully, unlike some of his predecessors, Kevin understands that when the economy is booming, that's a good thing,” Trump said. He added:

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