Trump Softens Stance on Fed Rates Ahead of Midterm Elections

President Donald Trump reiterated his preference for lower interest rates in an interview with Punchbowl News on Friday. When asked if Federal Reserve Chairman Kevin Warsh should hike rates before the November midterm elections, Trump acknowledged it's not entirely up to Warsh alone.

The President took a softer tone compared to his sharp criticisms of his predecessor. He was asked directly about Warsh hiking rates and responded with a statement about lower interest rates being beneficial for the economy.