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Trump Praises Warsh as Fed Rate Hike Looms

Guavy AI Editorial Team
Instruments
USD
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US President Donald Trump has expressed his support for Federal Reserve Chairman Kevin Warsh in an interview. When asked about a potential interest rate hike, Trump stated that it's not completely up to Warsh, but rather on the entire board. He also mentioned that Warsh is 'great' and that he won't be criticizing him.

Trump made these comments ahead of President Xi Jinping's visit to the US in a couple of weeks. He noted that the Federal Reserve board is 'very political'. The remarks had no significant impact on the US Dollar, with the US Dollar Index trading marginally lower at around 99.92.

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