The Wall Street Journal, citing people familiar with the matter, says President
Trump has phoned Fed chair Wosh repeatedly since Wosh took office, breaking
customary patterns of presidential contact with central bank chiefs. Call
frequency varied from multiple calls in a few days to long gaps. Trump sought
Wosh's views on issues including a potential Iran war and the economic impact of
rapid AI development. Insiders say it is unclear whether monetary policy was
discussed; one person insisted the president never raised interest rates. Wosh
reportedly expressed private economic optimism consistent with his public
remarks. Trump has told allies he views Wosh as an important external economic
adviser. The relationship could prompt concerns about Federal Reserve
independence.
