Wall Street Journal senior Fed reporter Nick Timiraos reports Trump — a persistent critic of what he calls ‘too-high’ rates — said he approved this week’s Fed rate increase after a phone call with Fed chair KEVIN WARSH. Insiders said the call surprised many of Trump’s advisers and has temporarily eased White House-Fed tensions. A senior administration official warned the truce could end if the Fed raises again in October ahead of the midterms, and Trump’s portrayal of a hostile Fed may prompt in

Wall Street Journal senior Fed reporter Nick Timiraos reports Trump — a persistent critic of what he calls ‘too-high’ rates — said he approved this week’s Fed rate increase after a phone call with Fed chair KEVIN WARSH. Insiders said the call surprised many of Trump’s advisers and has temporarily eased White House-Fed tensions. A senior administration official warned the truce could end if the Fed raises again in October ahead of the midterms, and Trump’s portrayal of a hostile Fed may prompt investor doubts about whether KEVIN WARSH is leading the Fed or being pushed by it.