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Warsh's Fed holds, but Trump stands by his man
['Https', 'Www.Semafor.Com Author Liz-Hoffman', 'Business', 'Finance Editor']
Semafor
So when the Fed again ignored his demands to cut interest rates, one might have expected him to lash out.
Kevin Warsh, his pick to run the central bank, is “fantastic… a brilliant guy, smart,” the president said yesterday.
Trump threw some drive-by blame on the rest of the Fed board, but couldn’t muster the vitriol he had for Warsh’s predecessor, Jerome Powell.
No economic issue besides tariffs has animated Trump more than interest rates.
Trump is unlikely to get the rates he wants, but he got his rate-setter, and seems OK with that for now.