After the latest US jobs report, President Trump declined to advise Fed chair Kevin Warsh, saying the new chair "must do what he must do." Trump said Warsh faces a "possibly somewhat hostile" board that may want "to do the wrong thing." He said he will continue efforts to remove Fed governor Cook by "winning lawsuits." Trump has long favored lower rates.

2026-07-03

After the latest US jobs report, President Trump declined to advise Fed chair Kevin Warsh, saying the new chair "must do what he must do." Trump said Warsh faces a "possibly somewhat hostile" board that may want "to do the wrong thing." He said he will continue efforts to remove Fed governor Cook by "winning lawsuits." Trump has long favored lower rates.