Powell will step down as Chairman of the Federal Reserve next year, and the most likely successor is U.S. Treasury Secretary Basent.
Basent has been closely aligned with Trump, repeatedly calling for Powell to lower interest rates, clearly a Trump ally. This indicates that after Powell's departure, the interest rate reduction policy is likely to continue for some time.
Disclaimer: Includes third-party opinions. No advice. Binance AI may be used without guarantee.See T&Cs.
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