The US Federal Reserve faces a tumultuous year ahead as President Donald Trump’s actions threaten to shake up its composition and direction. Trump’s aggressive stance on monetary policy, including repeated calls for interest rate cuts and direct attacks on Chairman Jerome Powell, has fueled speculation about the Fed’s future. 2026 promises to be a period of significant upheaval for the institution as Trump’s political influence continues to exert pressure on its leaders. These developments include the firing of Fed Governor Lisa Cook, following allegations raised by William Pulte, and the resignation of Governor Adriana Kugler without explanation. Trump also seeks to appoint Stephen Miran to fill the remaining months of a vacant Governor seat, pushing for major changes in the Fed’s governance structure.