Fed Chair Implies Trump Is Only Half Right on the Economy Following Rate Hike
60-second summary
Fed Chair Kevin Warsh acknowledges that President Trump’s policies have helped boost growth, yet he dismisses the president’s demand for immediate rate cuts, noting that inflation remains above target and the labor market is still tightening. Warsh’s mixed message signals that the Fed will likely keep policy restrictive, keeping bond yields elevated and equities cautious.
Chair Kevin Warsh credited Trump's economy, then ignored his rate-cut wishes entirely.