Trump Backs Fed Chair Warsh Amid Rate Cuts Push
President Trump praised Federal Reserve Chair Kevin Warsh on Monday while reiterating his stance that the central bank should lower borrowing costs. Warsh recently noted the Fed has more work ahead on inflation.
President Donald Trump told reporters in the Oval Office on Monday afternoon that he respects Federal Reserve Chairman Kevin Warsh, noting that Warsh will do what he has to do on interest rates. The remarks arrive as affordability remains a central issue for voters ahead of the November midterm elections. Investors are weighing how central bank policy will shift as economic pressures persist.
