Trump Frequent Calls to Fed Chair Raise Independence Concerns

President Trump has maintained frequent communication with Federal Reserve Chairman Kevin Warsh since he took office. The two have spoken multiple times in bursts, and the president has sought Warsh's counsel on various matters, including monetary policy. This relationship is a departure from recent precedent, which has generally seen more formal and arranged interactions between presidents and Fed chairs.

According to people familiar with the matter, Trump has frequently called Warsh, often expressing his views on interest rates and economic policy. Warsh has reportedly maintained a positive view of the economy, echoing his public statements that business investment is strong. The president has praised Warsh's looks after seeing him on television.

Trump's relationship with Warsh has raised concerns about the independence of the central bank. Democrats have pressed Warsh for more disclosure about his interactions with the president. In contrast to his predecessor, Jerome Powell, Trump has not criticized Warsh or threatened to fire him. The White House maintains that the president believes in an independent Fed.