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The Economic Times
The Economic Times
Anupam Nagar

US Stock Market: Trump backs Warsh as Fed’s hawkish tilt raises rate hike odds

Kevin Warsh United States Donald Trump US Federal Reserve Inflation Jerome Powell Interest Rates

US President Donald Trump on Wednesday backed Federal Reserve Chair Kevin Warsh despite the central bank chief failing to deliver the interest rate cuts the president has been seeking, as per a Reuters report.

Trump praised Warsh as a capable central banker while suggesting that the Fed’s policy decisions were being influenced by other members of the board who favor maintaining higher interest rates. The comments came after the Fed’s latest policy meeting, where officials decided to keep interest rates unchanged.

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