Trump Backs Warsh, Blames Fed Board for Rate Hike
Trump said the board ignored his call for cuts as the Fed raised rates to 3.75% to 4% and markets rallied Thursday.
- On Thursday, President Donald Trump reiterated demands for lower interest rates while maintaining support for Fed Chairman Kevin Warsh following Wednesday's rate hike to 3.75% to 4%.
- The Federal Reserve raised rates to combat inflation that "remains elevated," pledging a "timelier return" to its 2% target as officials sought to address persistent price pressures.
- Although Trump criticized the board, three of its seven members are his appointees—Warsh, Supervision Michelle Bowman, and Christopher Waller—all of whom voted unanimously for the increase alongside Biden appointees.
- U.S. Stocks rebounded Thursday as Treasury yields eased, though Trump renewed his demand on social media, writing that rates "should be 1%, or less."
- With interest expenses topping $1 trillion during fiscal 2026, the government faces mounting fiscal pressure while Trump shifts blame from former Chair Jerome Powell to the broader committee.
24 Articles
24 Articles
Trump Defends Fed Chair Warsh, Calls Board 'Political'
President Trump defended his hand-picked Federal Reserve chairman after a unanimous board vote to raise interest rates, but accused the rest of the Fed's governors of acting out of political spite weeks before the November midterm elections. Trump told reporters Wednesday upon arriving in North Carolina for a campaign rally that he still has confidence […]
POLITICS: TOTAL BETRAYAL: Fed Chair BETRAYS Trump, Raises Rates when Country in Booming! – Video
Federal Reserve Chair Warsh Holds News Conference on Interest Rates Federal Reserve Chair Kevin Warsh announced that the federal funds target range had increased by a quarter percentage point, to 3.75% – 4% — the first rate hike in three years, source Source
(Seoul = Yonhap News) Reporter Jung Joo-ho = U.S. President Donald Trump told Federal Reserve Chairman Kevin Warsh not to oppose interest rate hikes and that the 'board of directors...
Trump backs Warsh, blames Fed board for rate hike - The Daily Bo Snerdley
(The Center Square) – President Donald Trump blamed the Federal Reserve board for raising interest rates against his wishes, but the board he faulted includes three of his own appointees, all of whom voted for the increase. Trump said he still backs Fed Chairman Kevin Warsh, whom he appointed, after the central bank raised rates despite his demands for cuts. He turned his criticism instead on the other members of the board. “I do. I mean, I’m …
Pacific Daily News
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Trump backs Warsh, blames Fed board for rate hike
(The Center Square) – President Donald Trump blamed the Federal Reserve board for raising interest rates against his wishes, but the board he faulted includes three of his own appointees, all of whom voted for the increase.
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