Trump says he'll let Warsh 'do what he wants to do' with interest rates. It's a remark that Fed watchers have been bracing for.

By Victor Reklaitis and Greg Robb

The president's remark comes in the wake of his long and unprecedented pressure campaign on the U.S. central bank

Kevin Warsh, President Donald Trump's nominee for chair of the Federal Reserve, departs following a Senate Banking Committee hearing last month in Washington, D.C.

President Donald Trump on Tuesday shifted his message for the Federal Reserve, suggesting he would give some slack to incoming Fed Chair Kevin Warsh after putting unprecedented pressure on the U.S. central bank for more than a year.

Trump's change came in an interview with the Washington Examiner, in response to a question about whether Warsh would cut interest rates, even as markets are viewing a hike as more likely.