New Fed Chair Kevin Warsh Faces Pressure From Trump Amid Economic Volatility
Federal Reserve Chair Kevin Warsh has assumed office following a narrow Senate confirmation, stepping into a volatile economic environment marked by surging inflation and a strong jobs report. President Donald Trump has publicly urged the central bank to lower interest rates, stating he would not have nominated Warsh if the goal were to increase them, while simultaneously claiming he understands the economy better than almost anyone. Despite these demands, Warsh faces a difficult balancing act as market analysts suggest rate cuts may be virtually impossible given current economic data. While Trump told NBC News that he wants Warsh to "do whatever he wants" and does not wish to have a big influence on him, he has continued to criticize the prospect of rate hikes, setting the stage for a…
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Sources
In an exclusive interview with Meet the Press, President Trump addresses the economy amid the war with Iran and says Federal Reserve Chair Kevin Warsh is “fantastic,” adding, “I want him to do whatever he wants” when it comes to setting interest rates.
Trump says Fed chair should ‘do whatever he wants’ but criticizes possible interest rate hikes
President Donald Trump criticized the possibility of the Federal Reserve raising interest rates but said in an interview on NBC News’ “Meet the Press” that he wants Fed Chair Kevin Warsh “to do whatever he wants.”
Inflation Is Surging, Trump Wants Rate Cuts -- and Kevin Warsh Is Caught in a Market-Moving Crossfire - The Globe and Mail
The president told NBC News that he wouldn't have nominated Warsh to succeed Powell if he wanted to increase interest rates. He also said that the Fed should do as he wants because he believes that he understands the economy "better than almost anybody." However, Trump seemed to sing a different tune at Warsh's swearing-in ceremony. He said, "I want Kevin ...
Trump Backs Fed Chair Kevin Warsh but Warns Against Raising Rates After Strong Jobs Report – [your]NEWS
President Donald Trump publicly praised Federal Reserve Chair Kevin Warsh in an NBC News interview aired Sunday, while making clear that he believes the central bank should lower interest rates rather than raise them after a stronger-than-expected jobs report.
Warsh's confirmation was the narrowest ... of a Fed chair since the process was implemented in 1977. Only one Democrat, Pennsylvania Senator John Fetterman, voted in favour to confirm Warsh. Warsh is facing a difficult balancing act when he steps into the role, with President Trump having made ...
That Didn't Take Long: President Donald Trump Just Threw New Fed Chair Kevin Warsh Under the Bus
Long before Kevin Warsh was confirmed ... U.S. Senate, Trump was publicly chastising Powell and other members of the Federal Open Market Committee (FOMC) for their lack of action in cutting interest rates. The FOMC is the 12-person body, including the Fed chair, responsible for ...
New Fed chair headed towards 'collision' with Trump's biggest demands: WSJ - Raw Story
2026 MidtermsUS NEWSInvestigationsOpinionvideoHELPget the newsletter ... Bennito L. Kelty ... Bennito L. Kelty ... FILE PHOTO: The new Federal Reserve Chair Kevin Warsh delivers a speech on the day of his swearing-in ceremony, in the East Room of the White House in Washington, D.C., U.S., May 22, 2026. REUTERS/Evelyn Hockstein/File Photo · The new chairman of the Federal Reserve is already expected to have a tough time following through on one of Trump...
(Bloomberg) -- President Donald Trump said the Federal Reserve would be wrong to raise interest rates as his nominee Kevin Warsh prepares to chair his first Fed policy meeting.Most Read from BloombergTrump Says He, Not Congress, Is in Charge of Kennedy Center in ReversalHouse Republican Says ...
New Fed Chairman Kevin Warsh Is Now in a Position Where Rate Cuts Are Virtually Impossible, and the Stock Market Could Pay the Price | The Motley Fool
When President Donald Trump nominated Kevin Warsh as Federal Reserve Chair at the start of the year, the market was primed for Warsh to push for lower interest rates. Just a few months later, that looks virtually impossible.
New Chairman of the Federal Reserve Kevin Warsh arrives during a swearing in ceremony in the East Room of the White House in Washington, DC on May 22, 2026. ... Another big jobs report in May has pretty much swept aside the possibility of interest rate cuts anytime soon — and in the process ...
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