Trump Suggests He Influenced Fed Rate Hike Decision

The relationship between President Donald Trump and Federal Reserve Chairman Kevin Warsh has taken an unusual turn after Trump appeared to suggest that he gave Warsh permission to raise interest rates, even though it was 'the wrong' move.

In a press conference, Trump implied that Warsh had no choice but to vote for the rate hike because he was outnumbered on the rate-setting committee.

The remarks have raised questions about how much, if at all, Warsh is consulting with a president who has been willing to cross red lines in his quest for dramatically lower interest rates.