Trump going to let Warsh ‘do what he wants to do’ at Fed with interest rates
President Trump has expressed confidence in incoming Federal Reserve Chairman Kevin Warsh, stating he will allow Warsh to make his own decisions regarding interest rates. Despite pressure for rate cuts, the current economic landscape, including rising inflation and energy prices, complicates the situation. Investors are increasingly betting on an interest rate hike rather than a cut by the end of the year.
- ▪Trump stated he will let Warsh make his own decisions on interest rates.
- ▪Investors are predicting a higher chance of an interest rate increase rather than a cut by the end of the year.
- ▪Warsh faces challenges with rising inflation and the ongoing presence of Jerome Powell on the Fed board.
Opening excerpt (first ~120 words) tap to expand
EXCLUSIVE — President Donald Trump expressed confidence in incoming Federal Reserve Chairman Kevin Warsh and said he would leave the interest rate decisions to him. The Washington Examiner spoke to Trump during a Tuesday morning phone call and pointed out that investors are now pegging a higher chance of an interest rate hike rather than a cut by the end of the year, and asked him whether he thinks Warsh will deliver a cut. Recommended Stories Congress enters major week for housing bill amid clash between chambers China to buy billions worth of US soybeans after Trump complaints Eric Trump says he plans to sue Jen Psaki over MS Now monologue “I’m going to let him do what he wants to do,” Trump responded.
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Excerpt limited to ~120 words for fair-use compliance. The full article is at Washington Examiner.
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