Trump Backs Warsh, Demands World's Lowest Interest Rates

President Donald Trump has expressed strong support for Federal Reserve Chairman Kevin Warsh, calling him 'fantastic' and signaling confidence that he shares his outlook on low interest rates.

Trump renewed his demand for sharply lower interest rates, arguing that the United States should have the lowest borrowing costs in the world. He accused some Fed officials of harboring 'bad intentions', language that underscores his continued frustration with the pace of monetary easing.

The comments mark the latest chapter in Trump's long-running campaign to reshape U.S. monetary policy, which has raised questions among economists about the independence of the central bank. The Fed has traditionally set rates free from direct political influence.