Trump Signals Fed Almost Certain to Cut Rates, Implies Pivoting to鸽派 Nominee

U.S. President Trump stated on Wednesday, February 04, 2026, that he is confident the Federal Reserve will soon cut policy rates, describing the decision as “almost毫无疑问.” He indicated support for nominating Kevin Warsh as Fed Chair, emphasizing a dovish stance. “If he’s going to be Chair and says he wants to raise interest rates, he wouldn’t get this job,” Trump said, signaling Warsh’s likely shift fromhawkish views to supporting rate reductions. PIMCO analysts project Warsh could follow the 2025 path to two 25-basis-point rate cuts in 2026, bringing the target to 3.00%–3.25%. With broader consensus, a third 25-basis-point cut to 2.75%–3.00% is possible, near median neutral rate estimates.