Trump says Warsh should have voted against Fed’s rate hike
Trump has long pressured the Fed to lower borrowing costs
Former U.S. President Donald Trump has criticized Federal Reserve Chairman Kevin Warsh for voting in favor of a recent interest rate hike, despite Trump's own long-standing desire to see lower borrowing costs. In an interview with Time magazine, Trump stated that he "probably would have voted against the board if I were him" and expressed no blame for Warsh's decision.
However, Trump claimed he wants Warsh to "vote the way he wants." The Federal Reserve's decision to raise interest rates by a quarter percentage point and potentially another hike later this year was unanimous, aimed at combating inflation. Trump blamed the previous administration's policies for the inflation issue and accused the Fed of being influenced by political motives, alleging a "hostile board" aiming to "hurt Trump."
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