Back

Fed (U.S. central bank) Governor Milan expects Walsh to succeed his Federal Reserve Board (U.S. central bank board) seat

Trump’s nomination of Walsh as Fed Chair has ignited market volatility, yet investors still anticipate only two rate cuts in 2026 despite leadership uncertainty.

Summary

On January 30, U.S. President Donald Trump nominated Walsh as the next Federal Reserve Chair, causing sharp financial market fluctuations. Federal Reserve Governor Milan expects Walsh to succeed him on the Board, remaining in his position until Senate confirmation. The timing of Walsh’s approval could delay Milan’s departure beyond the March Fed meeting. Even with the nomination and January FOMC outcomes, investors maintain forecasts for two interest rate cuts in 2026.

Terms & Concepts
  • Federal Reserve Board: The governing board of the U.S. central bank that sets key monetary policy and supervises banks.
  • FOMC: The Federal Open Market Committee, which determines U.S. monetary policy, including setting interest rates and regulating money supply.
  • Monetary policy: Central bank actions, like setting interest rates, to manage inflation and economic growth.