Trump's Private Calls to Fed Chief Expose Independence Risks

U.S. President Donald Trump's frequent private phone calls to Federal Reserve Chair Kevin Warsh have raised concerns about the Fed's independence.

Since May, when Warsh was sworn in, Trump has repeatedly initiated calls with the central bank chief, discussing topics such as the economic impact of the Iran war and artificial intelligence.

These informal high-frequency direct contacts stand in stark contrast to the formal limited interaction that characterized relations between U.S. presidents and Fed chairs in recent decades.

While it remains unclear whether monetary policy was discussed during these calls, sources reveal Trump views Warsh as a 'valuable external economic advisor' who frequently seeks his opinion on economic issues.