Trump Denies Frequent Contact with Fed Chairman Kevin Warsh
US President Donald Trump has downplayed his contact with Federal Reserve Chairman Kevin Warsh, stating that he has spoken to him only once since May. This contradicts recent reporting by The Wall Street Journal, which claimed that Trump had called Warsh repeatedly since he took office in May. According to the report, Trump's calls to Warsh were made in bursts, several times in a short period, then quiet for longer periods.
Trump has sought to distance himself from suggestions that he is exerting inappropriate pressure on the central bank's independence. He stated that Warsh 'has a board' and 'it's not only him,' implying that the Fed chairman has other responsibilities besides taking Trump's calls. Trump nominated Warsh in January 2026, but it's unclear why he felt the need to deny frequent contact now.
White House National Economic Council Director Kevin Hassett offered a different characterization of Trump and Warsh's relationship, stating that they talk about the economy 'all the time.' However, Hassett emphasized that he does not listen in on their calls and is 'sure' that Trump doesn't pressure Warsh on interest-rate decisions.