The Federal Reserve is less likely to make cuts this year as it grapples with a criminal probe, analysts say. That could undermine one of Trump's goals.

Interest rates are likely to edge lower in 2026 as the Fed weighs inflation, jobs and political pressure. See what forecasts suggest for the year ahead.

Key Takeaways Several members of the Federal Reserve's policy committee have spoken out against the White House's campaign to pressure the Fed to cut interest rates.Fed officials broke their customary taboo against commenting on political controversies after the Justice Department subpoenaed the Fed in an investigation of Chair Jerome Powell.

The new betting odds come as Trump indicated that he would nominate either Warsh or national economic council Kevin Hassett to replace Powell, whose term is set to end in May. "The two Kevins are very good," Trump told Reuters on Wednesday. "You have some other good people too, but I'll be announcing something over the next couple of weeks."

Trump’s dispute with the Federal Reserve could impact interest rates and your finances. Learn what’s driving the clash and what it means for you.

Key Takeaways A DOJ investigation involving Fed Chair Jerome Powell hasn’t changed expectations for the Fed’s next interest rate decision.Markets still put the odds of a rate cut at about 5% for the Fed’s Jan.

Sen. Chris Murphy (D-Conn.) expressed concerns that the Department of Justice’s (DOJ) probe into the Federal Reserve will result in President Trump becoming more involved in the central bank‘s

The ECB is very unlikely to raise its key interest rate this year, with a weaker dollar among a number of potential developments keeping eurozone inflation low, Bank of France Governor Francois Villeroy de Galhau said.