Trump Backs Warsh, Faults ‘Hostile’ Fed Board for Rate Hike
- On Wednesday, the Federal Reserve unanimously raised interest rates to a range of 3.75% to 4%, prompting President Trump to call the board "hostile" while notably refraining from attacking Fed Chair Warsh.
- Trump previously branded former Fed Chair Jerome Powell "Too Late" for refusing to cut rates and continues demanding aggressive reductions as low as 1% to stimulate economic growth.
- The Treasury Department announced last week it will buy back $6 billion in longer-term debt to stabilize bond markets, with the 10-year Treasury yield falling to 4.94% after Wednesday's decision.
- Following the rate hike, Trump reiterated threats to alter U.S. trade policy unless the central bank slashes rates, vowing to restrict trade with countries holding deficits.
- Economist Ryan Young suggested Trump may be exercising restraint toward Warsh due to volatility in the $40 trillion national debt market, even as the Fed chairman asserted the bank must "stay in our lane.
18 Articles
18 Articles
The Korea Times
rtl.lu'In our lane': Fed's Warsh defies Trump but still fighting for credibility
WASHINGTON — U.S. Federal Reserve chair Kevin Warsh delivered the interest rate hike this week that many economists think surging inflation required, defying President Donald Trump — but questions about the central bank chief's credibility linger. The Fed on Wednesday raised rates in the world's largest economy by 25 basis points to between 3.75 and 4.00 percent, with policymakers signalling at least one more rate hike before year-end. Trump has…
Trump still has confidence in his Fed’s chairman, despite the rate increase to 4%
President Donald Trump said he has confidence in the recerntly appointed Federal Reserve chair Kevin Warsh and found a way to justify the central bank’s decision to increase the benchmark interest rate to 4%, the first since 2023.
Instead of following Donald Trump's call for lower interest rates, the Fed boss is fighting inflation. This is an unexpected backbone.
Trump spares Kevin Warsh from criticism despite Fed rate hike
President Donald Trump is giving Federal Reserve Chairman Kevin Warsh a pass after the central bank voted unanimously to raise interest rates. Trump repeatedly attacked Warsh’s predecessor Jerome Powell for holding interest rates steady rather than cutting them, and has called for the Fed to lower rates for months. But now that Warsh has raised […]
Trump defends Fed chief after rate hike — says he told him to ‘vote with the board’
President Trump isn’t giving up on Federal Reserve Chairman Kevin Walsh following the interest rate hike. The Fed board voted unanimously on Wednesday to raise interest rates […]
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