Trump blames Fed board, not Warsh, for rate hikes
Summary
President Donald Trump praised Federal Reserve Chair Kevin Warsh but blamed the entire Federal Reserve board for raising interest rates. Trump said the board members were appointed by other people and implied they were responsible for the decision, not Warsh alone.Key Facts
- President Trump spoke to reporters in North Carolina.
- He expressed support for Federal Reserve Chair Kevin Warsh.
- Trump said the board of the Federal Reserve made the decision to raise interest rates.
- The board members were appointed by others, not just Warsh.
- Trump suggested Warsh faces challenges because of the board’s decisions.
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