Trump on new Fed Chair Kevin Warsh: ‘Do your own thing’ but don’t lose your way like Jerome Powell did
President Trump welcomed Kevin Warsh as the new Federal Reserve chair, emphasizing the importance of economic independence. Trump expressed confidence in Warsh's ability to stimulate the economy while maintaining the Fed's autonomy. The ceremony, held at the White House, raised questions about the Fed's independence amid Trump's previous criticisms of former chair Jerome Powell.
- ▪Trump oversaw the swearing-in of Kevin Warsh as the new Federal Reserve chair.
- ▪The ceremony was held at the White House, highlighting Trump's approval of Warsh's appointment.
- ▪Trump stated he wants Warsh to be independent while also pushing for economic growth.
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President Donald Trump on Friday oversaw the White House swearing-in of the new Federal Reserve chair and said he would like Kevin Warsh’s help in stimulating the economy even as he tried to emphasize that the nation’s central bank would remain independent.Recommended Video Trump spent months criticizing Warsh’s predecessor, Jerome Powell, for being reluctant to cut interests rates, with the Republican president arguing that lower borrowing costs would provide an economic boost. By taking the unusual step of holding the ceremony in the East Room and not the Fed, Trump made clear his pleasure that Warsh is now in charge. The war with Iran has caused gas prices to spike, unsettled financial markets and driven inflation concerns across the economy.
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