Trump backs 'fantastic' Warsh while calling for lower rates and citing 'bad intentions' of other Fed officials
should have the lowest interest rates in the world. While backing his choice to lead the central bank, Trump questioned the motives of other members of...
Key points
- should have the lowest interest rates in the world.
- While backing his choice to lead the central bank, Trump questioned the motives of other members of the Fed's Board of Governors for not wanting to ease monetary policy.
- I know what he wants to do." The president's comments came two days before the bank's Federal Open Market Committee (FOMC) releases its latest interest rate decision.
- Dallas Fed President Lorie Logan, a voting FOMC member this year, was the most explicit in calling for tighter policy, saying benchmark rates should be "modestly higher." In his remarks, Trump, as he has done in the past, accused Fed officials of having ulterior motives.
What happened
should have the lowest interest rates in the world. While backing his choice to lead the central bank, Trump questioned the motives of other members of the Fed's Board of Governors for not wanting to ease monetary policy. I know what he wants to do." The president's comments came two days before the bank's Federal Open Market Committee (FOMC) releases its latest interest rate decision. Dallas Fed President Lorie Logan, a voting FOMC member this year, was the most explicit in calling for tighter policy, saying benchmark rates should be "modestly higher." In his remarks, Trump, as he has done in the past, accused Fed officials of having ulterior motives. "We should have the lowest interest rate in the world, like it used to be 30 years ago," he added. The Fed's benchmark overnight borrowing rate is currently targeted in a range between 3.5%-3.75%, where it has been since the central bank lowered by three-quarters of a percentage point in second half of 2025.