Nick Timiraos outlines three paths for Fed rate cuts by 2026, highlights Trump challenge

BlockBeats reports that Nick Timiraos wrote on Dec. 11 that Jerome Powell advanced a rate-cut plan despite broad opposition, signaling to Trump and future leaders that rate cuts require careful deliberation. Timiraos said cuts by 2026 depend on three scenarios: proof that inflation is falling, evidence the labor market has significantly weakened, or major changes to Federal Reserve meeting-room personnel.