Banking and Lending

Warsh as Fed Chair May Not Lead to Rate Cuts

Warsh as Fed Chair May Not Lead to Rate Cuts

By Christopher Rugaber | The Associated Press | April 27, 2026 | Reprints | Unlock Link

President Donald Trump has made it clear he expects his choice for Federal Reserve chair to quickly cut interest rates once he takes office. Yet Americans shouldn’t pencil in lower borrowing costs for mortgages, auto loans or business loans just yet.