Jerome Powell's term as Federal Reserve Chairman is expected to end in 2026, and President Trump is predicted to replace him with someone who favors aggressive interest rate cuts, leading to a significant change in the Federal Reserve's leadership.
"But what we do know is in 2026, the chairman of the Federal Reserve Bank, whose name is Jerome Powell, is going to see his term end. And when his term ends, it is pretty much expected that President Trump is going to remove Jerome Powell with somebody who is going to want to cut interest rates aggressively, which means you have to expect a shakeup at the Federal Reserve Bank coming in 2026."