Basically cutting rates to 0 by end of next year

by


Grok:
Scott Bessent, Trump’s pick for Treasury Secretary, wants more White House say in picking Federal Reserve regional bank leaders. He’d require them to have lived in their area for 3+ years and might veto nominees who don’t. This could push the Fed to cut interest rates faster, like to near 0% by end of 2026, aligning with Trump’s goals. For retail investors, lower rates often boost stocks by making borrowing cheaper.

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