The Fed Isn't Cutting Interest Rates Anytime Soon -- and Kevin Warsh Is Putting the Blame Squarely on President Trump
Warsh didn't say the president's name in explaining why rates won't be lowered. But he didn't have to.
The Fed Isn't Cutting Interest Rates Anytime Soon -- and Kevin Warsh Is Putting the Blame Squarely on President Trump
Overview
President Donald Trump has long sought a new person at the helm of the Federal Reserve. He got what he wanted -- and the person he wanted -- when Kevin Warsh was sworn in as the new Fed chair on May 22, 2026. But the president might not get the rate cuts that he wants from Warsh.
The Federal Reserve Open Market Committee (FOMC) met for the first time last week with Warsh as leader. Based on the results of this meeting, the Fed seems unlikely to cut rates anytime soon. What's more, Warsh is subtly putting the blame squarely on President Trump.
Image source: Official Federal Reserve Photo.
Details
Source
Originally published at www.fool.com.
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