Will Trump's pick to lead US central bank get him the change he wants?
created: Jan. 30, 2026, 10:15 p.m. | updated: Feb. 1, 2026, 2:32 p.m.
Whether he would actually lead the Fed to shrink its balance sheet more quickly than the bank has been doing is unclear.
One effect of doing so could be higher borrowing costs - exactly the opposite of what Trump wants to see.
1 week, 1 day ago: BBC News