Trump suggested he’s not necessarily opposed to Federal Reserve Chair Kevin Warsh raising interest rates because of inflationary pressures, but he said that he thinks interest rates are “too high.”
Watch the president’s remarks in the player above.
The president picked Warsh to lead the Fed after blasting his predecessor as chair, Jerome Powell, for not aggressively slashing its benchmark rates.
Powell held off on large rate cuts due to the inflationary pressures created by Trump’s tariffs — and those pressures have continued as the Iran war has increased energy prices.
But, for the moment, Warsh appears to have a pass from Trump.
“I have a lot of respect for him and he’ll do what he has to do,” Trump said. “I think our interest rates are too high.”
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