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Trump signals Fed independence ahead of Warsh rate hike

The Washington Post ·
Trump signals Fed independence ahead of Warsh rate hike
  • Trump said he counseled Fed Chair Kevin Warsh to vote for an interest rate hike because other Fed officials were expected to vote that way anyway.
  • Trump told reporters he said "do what you want" to Warsh because Warsh does not have the votes.
  • Trump suggested he does not expect Warsh to follow his directions, saying he wanted the Fed "to be independent."

Quotes

“I said do what you want because it doesn’t matter because he doesn’t have the votes,” Trump said to reporters as he was traveling in North Carolina to campaign for a Senate candidate.”— Donald Trump
“to be independent.”— Donald Trump

Sources