Trump Frequent Calls to Fed Chair Raise Independence Concerns
U.S. President Donald Trump has frequently called Federal Reserve Chair Kevin Warsh since his appointment in May, breaking from recent presidential tradition of maintaining a formal and pre-arranged communication line with the central bank.
The Wall Street Journal reported that sources have described these conversations as bursts, where multiple calls are made within a short period followed by longer quiet periods.
Trump has consulted Warsh on various issues, including the impact of the war in Iran and the rapid rise of artificial intelligence (AI) on the economy. However, it remains unclear whether monetary policy was discussed.
Warsh has expressed a positive view of the economy in his conversations with Trump, aligning with his public remarks. He stated that 'the most notable feature of the economy is the strong growth in business investment.'