Kevin Warsh-Donald Trump conversation: Report raises concerns over Federal Reserve independence; POTUS speaks out
Donald Trump acknowledged speaking with Federal Reserve Chair Kevin Warsh but rejected reports that the two have been in frequent contact.
President Donald Trump recently had a conversation with Federal Reserve Chair Kevin Warsh, though he denied reports suggesting they spoke frequently. The Wall Street Journal reported that the two had been in contact regularly since Warsh took over the central bank in May. However, Trump stated he spoke with Warsh "one time, briefly, a few days ago."
Trump reiterated his belief that interest rates should be lower and emphasized the central bank's independence from political pressure. The report raised concerns over Federal Reserve independence, reminiscent of the relationship between President Richard Nixon and then-Fed Chair Arthur Burns in the 1970s.
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