Trump: "Kevin Warsh, a leading contender for the next Fed chair, could even work at the White House"…pressing for rate cuts
JH Kim
Summary
- It was reported that U.S. President Donald Trump pressed for rate cuts while referring to Kevin Warsh, who has been mentioned as a candidate to become the next Fed chair.
- It was reported that Trump said, "If Warsh becomes Fed chair, he could even work at the White House," suggesting political influence.
- It was said the remarks are being interpreted as an example showing that political pressure for rate cuts continues amid controversy over the Fed’s independence.
Forecast Trend Report by Period
According to Walter Bloomberg on the 26th (local time), U.S. President Donald Trump pressed for interest-rate cuts while referring to Kevin Warsh, who has been mentioned as a candidate to become the next Federal Reserve chair.
Trump joked that "if Warsh becomes Fed chair, he could even work at the White House."
He then asked, "What is the reason not to cut rates right now?" underscoring the need for monetary easing.
The remarks are being read as an example showing that political pressure for rate cuts continues amid controversy over the Fed’s independence.
JH Kim
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