US President Donald Trump has repeatedly said he wants the Federal Reserve to lower interest rates, but investors forecast no chance of a rate cut in 2026. Kevin Warsh was sworn in on Friday as the chairman of the United States Federal Reserve, but investors and traders still forecast no interest rate cuts for the rest of 2026. Speaking at the ceremony, US President Donald Trump said that Warsh will remain “independent” of the Executive Branch regarding interest rate policy, and claimed that employment numbers are at record levels. “Thankfully, unlike some of his predecessors, Kevin understands that when the economy is booming, that's a good thing,” Trump said. He added: Warsh, pictured on the left, is sworn into office by Supreme Court Justice Clarence Thomas. The White House “We want to stop inflation, but we don't want to stop greatness,” Trump continued, drawing mixed reactions from investors and economists, who weighed the likelihood of the Federal Reserve continuing to expand the monetary supply through low interest rates. Lower interest rates are stimulative for risk-on assets like Bitcoin and crypto; however, cheap access to credit can also cause inflationary spikes, as individuals and institutions are encouraged to borrow cheaply and spend money on investments and commercial goods. Related: Senate confirms Kevin Warsh to lead Federal Reserve