Trump hopes new Fed chair will cut interest rates as Jerome Powell's term ends

President Trump has been pushing for Jerome Powell to step down as Federal Reserve chair for more than a year. Now, it's finally happening, and incoming chairman Kevin Warsh has a balancing act to do from day one. FOX 13 Seattle is western Washington's source for breaking news, weather, traffic, politics, entertainment and sports. Subscribe to FOX 13 Seattle on YouTube: http://youtube.com/fox13seattle?sub_confirmation=1 Watch FOX 13 Seattle Live: https://www.fox13seattle.com/live Download the free FOX LOCAL App for your phone, tablet or TV: https://www.fox13seattle.com/apps Download the FOX 13 Seattle Weather App: https://jckig.app.link/dlUcXuM2Peb Subscribe to FOX 13 Seattle newsletters: https://www.fox13seattle.com/newsletters Like FOX 13 Seattle on Facebook: https://www.facebook.com/fox13seattle Follow FOX 13 Seattle on TikTok: https://www.tiktok.com/@fox13seattle Follow FOX 13 Seattle on Instagram: https://www.instagram.com/fox13seattle Follow FOX 13 Seattle on X: https://x.com/fox13seattle Follow FOX 13 Seattle on Threads: https://www.threads.com/@fox13seattle Follow FOX 13 Seattle on Blue Sky: https://bsky.app/profile/fox13seattle.bsky.social