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Trump says Fed chair Warsh will do what he has to do on possible rate hikes
🇺🇸 United States /Economy & Trade

Trump says Fed chair Warsh will do what he has to do on possible rate hikes

From PBS NewsHour · () English

Translated from English and summarized by DistantNews. Read the original for the full story.

At a glance

News Named sources Context piece
  • President Donald Trump said he was not necessarily opposed to Federal Reserve Chair Kevin Warsh raising interest rates to address inflation.
  • Trump said he still believes interest rates are too high, after choosing Warsh to lead the central bank following criticism of Jerome Powell.
  • Inflationary pressures linked to tariffs and higher energy prices have limited expectations for large rate cuts.

Donald Trump said he would accept a possible interest-rate increase by Federal Reserve Chair Kevin Warsh if inflation required it, while maintaining that borrowing costs are already too high.

“I have a lot of respect for him and he'll do what he has to do,” Trump said. “I think our interest rates are too high.”

I have a lot of respect for him and he'll do what he has to do

— Donald TrumpTrump said he respected Kevin Warsh's judgment on whether the Federal Reserve should raise interest rates.

Trump selected Warsh to lead the Federal Reserve after repeatedly criticizing his predecessor, Jerome Powell, for not cutting benchmark rates aggressively enough. Powell had held back from making large reductions because of inflationary pressures tied to Trump’s tariffs.

Those pressures have continued, while the Iran war has pushed energy prices higher. For now, the comments suggest Warsh faces no immediate objection from Trump if he decides that inflation requires higher rates, even as the president continues to call for lower borrowing costs.

I think our interest rates are too high

— Donald TrumpTrump reiterated his view that borrowing costs remain excessive.
About this summary

Originally published by PBS NewsHour in English. Translated, summarized, and contextualized automatically by DistantNews, with a note on how the source frames the story. Not individually reviewed before publishing. How this works.

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