Trump's pick for Fed chair is already on track to disappoint him [CNN]
Comerica Incorporated (CMA)
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Source: CNN
Trump has demanded aggressive cuts to interest rates next year, but that's looking more and more like an uphill battle: On Wednesday, as Trump interviewed former Fed Governor Kevin Warsh for the top job at the central bank, Fed officials penciled in just one rate cut in 2026. The president continues to insist that interest rates should be much lower, even criticizing the Fed's third consecutive quarter-point cut , announced Wednesday, as “too small.” Earlier this week, Trump told Politico that he fully expects whoever he picks for Fed chair to cut rates. Above and beyond the fact that a Fed chair doesn't unilaterally decide on rate moves, cutting rates next year seems like an impossible task anyway, due to the outlook for the economy in 2026 and the stark divisions within the central bank's powerful rate-setting committee. Fed Chair Jerome Powell's term ends in May; Trump last week said he expects to name a successor “early next year.” National Economic Council Director Kevin H
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News
- Trump's pick for Fed chair is already on track to disappoint him [Yahoo! Finance]Yahoo! Finance
- Trump's pick for Fed chair is already on track to disappoint him [CNN]CNN
- Here are the five big takeaways from Wednesday's Fed rate decision [MSNBC.com]MSNBC.com
- Here are the five big takeaways from Wednesday's Fed rate decision [CNBC]CNBC
- A divided Fed is set to lower interest rates again, in one of its toughest calls [CNN]CNN
CMA
Earnings
- 10/20/25 - Beat
CMA
Sec Filings
- 12/11/25 - Form 425
- 12/11/25 - Form 425
- 12/8/25 - Form 425
- CMA's page on the SEC website