Trump: interest rates should down very substantially

try{ var _=i o; . if(!_||_&&typeof _==="object"&&_.expiry U.S. Supreme Court strikes down Trump’s emergency tariffs U.S. military operation in Iran "likely at this stage," Raymond James says Gold prices edge higher; U.S.-Iran tensions prompt weekly gains This is the key question for the U.S. economy in 2026 (South Africa Philippines Nigeria) Trump: interest rates should down very substantially By Investing.com Editor Vlad Schepkov Economy Editor Vlad Schepkov Published 02/20/2026, 02:08 PM Trump: interest rates should down very substantially 0 Investing.com -- U.S. President Donald Trump reiterated Friday that he wants to see interest rates come down substantially, citing his nominee to lead the Federal Reserve. Trump criticized current Fed Chair Jerome Powell during a briefing, calling him "very incompetent" and suggesting Powell maintains high interest rates for political reasons. "We have a very incompetent Fed chairman who likes high interest rates - for political reasons he likes them - but we’re going to have somebody very good, interest rates should down very substantially," Trump said. Last month, Trump announced plans to nominate Kevin Warsh to succeed Powell when his term as chair ends in May. This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.