Fed Divisions Underscore Challenge for Trump’s Next Chair

December 11, 2025

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1 min read

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The New York Times

President Trump wants substantially lower borrowing costs, but officials at the central bank appear ready to resist delivering further cuts if the economic backdrop does not warrant it.

President Trump wants significantly lower borrowing costs and has been clear that he expects his pick to replace Jerome H. Powell as chair of the Federal Reserve to follow through on that. But intense divisions inside the central bank about the path ... [1617 chars]

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Source: The New York Times

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