Trump said Fed rate decisions are not solely determined by Fed chair Kevin Warsh and that Warsh “has a very politicized committee” and that policy is decided by the committee. Asked whether Warsh should avoid a rate hike before the midterms, Trump said “it depends on him to some extent, but not entirely,” and added “I think he’s great. I won’t criticize him.”

2026-08-07

Trump said Fed rate decisions are not solely determined by Fed chair Kevin Warsh and that Warsh “has a very politicized committee” and that policy is decided by the committee. Asked whether Warsh should avoid a rate hike before the midterms, Trump said “it depends on him to some extent, but not entirely,” and added “I think he’s great. I won’t criticize him.”