Trump on Warsh: He’ll do what he has to do
Trump says Kevin Warsh will act on rates as inflation stays above the Federal Reserve’s 2% target and policymakers prepare for next month’s meeting.
- Yesterday, President Donald Trump told reporters in the Oval Office he respects Federal Reserve Chairman Kevin Warsh, suggesting he accepts Warsh's potential rate decisions despite believing rates are "too high."
- Trump appointed Warsh to lead The Fed after criticizing former Fed Chair Jerome Powell for failing to slash benchmark rates amid inflationary pressures from tariffs and the Iran war.
- The Personal Consumption Expenditures Price Index remains above The Fed's target at 3.7%, while the central bank seeks confidence that inflation is heading down to 2%.
- Central bankers will meet next month to consider interest rate adjustments, with Warsh previously stating the central bank will "have work to do" if policymakers lack confidence in the inflation goal.
- Although Trump argues the nation "should pay, in my opinion, the lowest interest rates anywhere in the world by far," he currently appears to be granting Warsh a political pass.
13 Articles
13 Articles
Trump Suggests He Won't Try to Talk Warsh Out of Rate Hike
President Donald Trump declined to criticize Federal Reserve Chair Kevin Warsh for suggesting he might raise interest rates, instead saying he trusts his appointee will do what needs to be done. When asked by the Daily Signal whether he opposes Warsh’s potential rate increase and whether he has spoken to Warsh about it, Trump said...
Trump says Fed Chair Warsh will 'do what he has to do' on possible rate hikes
Trump suggested he’s not necessarily opposed to Federal Reserve Chair Kevin Warsh raising interest rates because of inflationary pressures, but he said that he thinks interest rates are “too high.”
The President of the United States, Donald Trump, once again stated that interest in the country is too high and said to reporters at the White House Oval Hall on Monday (31), that he has a lot of respect for the President of the Federal Reserve (Fed, the American central bank), Kevin Warsh, and that "he will do what he has to do" with regard to monetary policy. Exclusive material for subscribers. To have full access, access the link of the subj…
US President Donald Trump pushes for lower interest rates. But the Fed suddenly sends other signals. An increase in interest rates in September is more likely and could trigger the next dispute with Trump
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