President Donald Trump has signaled he expects his pick for Federal Reserve chair to cut interest rates quickly, but Americans may not see lower borrowing costs for mortgages, auto loans, or business financing anytime soon.
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… [6252 chars]
Source: Newsmax | Published: 2026-04-25T13:25:09Z
Credit: Newsmax
