Live Feeds
● LIVE Updated 1h ago · 11 sources tracked

Trump eases pressure on Fed Chairman Kevin Warsh as inflation tops 4%

President Trump's economic advisors are providing Federal Reserve Chair Kevin Warsh more autonomy on interest rates. Warsh stated Wednesday that the central bank will remain independent to lower inflation. This shift follows inflation rising above 4% despite Trump's repeated calls for rate cuts.

RSS Source map (10)

What changed

Fed Chair Kevin Warsh publicly emphasized political independence and high inflation at the ECB Forum on Wednesday.

Live updates

  1. Trump administration eases pressure on Fed Chair Kevin Warsh as inflation tops 4%

    President Trump's economic advisors are providing Federal Reserve Chair Kevin Warsh more autonomy on interest rates. Warsh stated Wednesday that the central bank will remain independent to lower inflation. This shift follows inflation rising above 4% despite Trump's repeated calls for rate cuts.

    What's confirmed:

    • Inflation has topped 4%
    • President Trump's economic advisors are giving Fed Chairman Kevin Warsh space on interest rates.
    • Kevin Warsh stated on Wednesday that the central bank would remain independent and work to reduce inflation.
    • Warsh attended a panel at the ECB Forum on Central Banking in Sintra, Portugal on Wednesday.
    • Hassett stated that Warsh is not asking the White House for advice on interest rates.

    Still unconfirmed:

    • An analyst suggests a remark by Bessent Greenspan to tap the brakes indicates a green light for a rate hike in September.
    confidence 95%