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Home – Federal Reserve News – Trump Suggests He Won’t Try to Talk Warsh Out of Rate Hike

Trump Suggests He Won’t Try to Talk Warsh Out of Rate Hike

Elizabeth Troutman Mitchell

President Donald Trump declined to criticize Federal Reserve Chair Kevin Warsh for suggesting he might raise interest rates, instead saying he trusts his appointee will do what needs to be done.

When asked by the Daily Signal whether he opposes Warsh’s potential rate increase and whether he has spoken to Warsh about it, Trump said, “No.”

“I have a lot of respect for him, and he’ll do what he has to do,” the president told the Daily Signal in the Oval Office on Monday.

NEW: I asked @POTUS about Fed Chair Warsh considering raising rates. "I have a lot of respect for him, and he'll do what he has to do," he told @DailySignal. "I think our interest rates are too high…We should have the lowest interest rates in the world, because if we wanted… pic.twitter.com/FMKepYuQDQ— Elizabeth Troutman Mitchell (@TheElizMitchell) August........

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