Heard on the Street Recap: Powell Pause

• By Morgan Reed
• Wed, 28 Jan 2026
• 2714
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The Federal Reserve entered a new holding pattern on interest rates and signaled little urgency to resume cuts. Trump has been pushing for a Fed chair that will lower interest rates more aggressively and accept his input about where rates should go next. Trump wants something that may not exist—a new chair who will pursue his demands for lower interest rates while still commanding enough credibility on Wall Street and from his colleagues to deliver them.

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