Trump Can Replace Fed Chair Next Year — What That Could Mean for Real Estate
It means we can expect Fed to lower rates next year even if current chair Jerome Powell would deem it unadvisable. Good for buyers, but bad for the economy?
Last week, I read an interesting article from Brad at “Briefcase: Real Estate News” about Trump’s pressure on Federal Reserve chairman Jerome Powell to drastically reduce interest rates or resign. Powell says he won’t resign, but his term is up in 2026, and Trump is sure to replace him with someone like Treasury Secretary Bessent who would do his bidding. Here’s a link to the full article:
https://www.briefcase.email/p/fed-games-replace-powell-2026-bessent
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