Central Banks

Bets Emerge That End to Powell’s Term Means More Fed Rate Cuts

Jerome Powell
Photographer: Kent Nishimura/Bloomberg

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By Edward Bolingbroke

June 13, 2025 at 4:34 PM UTC

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The prospect of a shift in US monetary policy when President Donald Trump replaces Jerome Powell at the end of his term as Federal Reserve chair in May 2026 has interest-rate traders looking for pay dirt.