Trump criticizes Fed chief Warsh after interest rate increase
President Donald Trump criticized Federal Reserve Chair Kevin Warsh on Wednesday following the central bank's decision to raise interest rates in Washington.
President expresses frustration publicly
Donald Trump posted a message on Truth Social demanding that United States interest rates drop to one percent or less. He described the current board as hostile and political while claiming they are doing the wrong thing for the country.
Trump confirms contact with Warsh
The president told reporters he spoke with Kevin Warsh and suggested the chair might as well vote with the rest of the board. Warsh has not yet confirmed whether this conversation actually took place between the two men.
President links rates to trade
Trump connected persistent trade deficits with the borrowing costs established by the Federal Reserve even though experts say these factors are unrelated. He previously threatened to stop all trade with nations where the United States runs a deficit if rate decisions did not align with his wishes.
All 2 outlets report consistently
No differences in figures, names or dates across these reports.
- Business Recorder
- The Hill
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2 independent outlets. Headlines as published. Links open the original report.