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Trump pushes back against Fed rate-hike bets following strong US jobs report
Trump says he wants Kevin Warsh to set rates freely while arguing higher borrowing costs would punish the economy.
- On Sunday, President Donald Trump urged Federal Reserve Chair Kevin Warsh to lower interest rates, telling NBC's Meet the Press that raising borrowing costs would be "the wrong thing to do."
- Trump nominated Warsh to lead the Fed following a relentless public campaign for lower borrowing costs, though he has since stated he wants Warsh to do his "own thing."
- Nonfarm payrolls increased by 172,000 last month with unemployment holding at 4.3%, prompting Goldman Sachs to shift expected rate cuts from December 2026 to 2027 based on Bureau of Labor Statistics data.
- These remarks intensify pressure on Warsh ahead of his first Federal Open Market Committee meeting scheduled for June 16–17, where market confidence grows that the Fed must raise rates to contain inflation.
- Amid concerns regarding the Iran war, gasoline prices, and national debt, Trump argued that economic success and growth can combat inflation as effectively as higher interest rates.
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21 Articles
21 Articles
Despite rising inflation, the US President continues to expect a loose monetary policy from the US Federal Reserve Fed. There are other means to curb the rise in prices.
·Düsseldorf, Germany
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The President of the United States, Donald Trump, stated that the Federal Reserve (Fed), the country's central bank, would make a mistake in raising interest while his designated Kevin Warsh is preparing to lead his first monetary policy meeting in front of the central bank.
·Brazil
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Coverage Details
Total News Sources21
Leaning Left3Leaning Right4Center5Last UpdatedBias Distribution42% Center
Bias Distribution
- 42% of the sources are Center
42% Center
L 25%
C 42%
R 33%
Factuality
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