‘Love Lower Rates, But…’: Trump Backs Warsh Even as Fed Keeps Rates, Prioritizes Inflation
U.S. President Donald Trump praised Kevin Warsh as “a brilliant guy” after the U.S. Federal Reserve kept interest rates unchanged at 3.50%-3.75% for the fifth straight meeting. While Trump reiterated his desire for lower borrowing costs, the Fed maintained its wait-and-see approach, emphasizing that bringing inflation back to its 2% target remains its top priority. The decision also highlighted growing differences within the central bank over the future path of monetary policy. Will rate cuts come later this year, or will inflation keep the Fed on hold? Watch the full report.
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