POLITICSSEMAFOR
Warsh's Fed holds, but Trump stands by his man
President Donald Trump praised Federal Reserve Governor Kevin Warsh after the Fed held interest rates, despite Trump's preference for cuts. Trump attributed the decision to the broader Fed board but supported Warsh, his appointed nominee, signaling a shift in personnel over policy. Investors anticipate a rate hike at the Fed's next meeting, and Warsh indicated reliance on market forces to manage economic cooling.
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- Trump backs 'fantastic' Warsh while calling for lower rates and citing 'bad intentions' of other Fed officials
- Warsh is sworn in as the Fed chair after Trump’s bid for greater control over the independent bank
- The Fed’s Warsh era starts with a flurry of change, but steady rates
- All eyes turn to Fed chair Kevin Warsh and his first moves on interest rates
- ‘I know what he wants to do,’ Trump says of Fed’s Warsh, as president presses for rate cuts