Trump suggested he’s not necessarily opposed to Federal Reserve Chair Kevin Warsh raising interest rates because of inflationary pressures, but he said that he thinks interest rates are “too high.”
Trump suggested he's not necessarily opposed to Federal Reserve Chair Kevin Warsh raising interest rates because of inflationary pressures, but he said that he thinks interest rates are "too high."
Watch the president's remarks in the player above.
The president picked Warsh to lead the Fed after blasting his predecessor as chair, Jerome Powell, for not aggressively slashing its benchmark rates.
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Fed Chief Kevin Warsh Hints At Interest Rate Hikes Trump Would Probably Hate
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Trump criticizes high US interest rates amid potential Fed rate hikes
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Warsh heads a sharply divided rate-setting committee as he spoke in his first Congress appearance to talk about the central bank.
Trump railed against potential interest rate hikes, arguing that rates should instead be lowered.
“We must be confident that underlying inflation is moving to our objective, clearly and at sufficient speed,” Warsh said.…
