President Trump has defended Federal Reserve Chair Kevin Warsh, shifting blame for recent interest rate hikes onto the broader Fed board, which he suggested was influenced by other political figures. Speaking to reporters after arriving in North Carolina, the president acknowledged Warsh’s difficult position while implying external pressures shaped the central bank’s decisions. His remarks highlight ongoing tensions between the White House and the Federal Reserve over monetary policy. The comments come amid broader debates over economic strategy and the role of independent institutions in shaping financial decisions.
President Trump Wednesday praised Federal Reserve Chair Kevin Warsh, blaming the board instead for the interest rate increase. “I'm relying on Kevin, but he's got a very tough board,” Trump told reporters after landing in North Carolina. “He's got a board that was put there by a lot of other people.” “I told Kevin, I...
