BUSINESSMARKETWATCH
‘I know what he wants to do,’ Trump says of Fed’s Warsh, as president presses for rate cuts
Trump stated that Federal Reserve Chair Kevin Warsh 'wants to do the right thing' but is facing potential opposition from the Fed board. The president also emphasized his push for rate cuts.
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- Warsh has cover to not cut rates — but it won’t matter to Trump
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- Trump backs 'fantastic' Warsh while calling for lower rates and citing 'bad intentions' of other Fed officials
- The Fed's Kevin Warsh faces first dilemma: cut rates to please Donald Trump or raise them to try to contain inflation
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