US President Donald Trump supports the appointment of Kevin Warsh as the next chair of the Federal Reserve and describes the role as “independent,” according to reporting from multiple outlets. Both sources link Trump’s stance to earlier months of pressure on Jerome Powell, the Fed chair at the time, to cut interest rates. Newsweek reports that Trump has backed an “independent” Fed under Warsh after months of direct and sustained pressure aimed at lowering rates. BBC News similarly says Trump sought a “totally independent” Fed chair and that he applied major pressure to Warsh’s predecessor to reduce interest rates. The accounts characterize a shift from Trump’s pressure campaign toward an emphasis on institutional independence tied to the leadership change. Taken together, the reporting indicates that Trump’s rate-related goals are central to the political context, while the framing now focuses on ensuring independence under the incoming Fed chair. The sources do not provide additional details on specific policy decisions, timing, or formal governance changes beyond the emphasis on independence and the leadership transition.
Trump backs “independent” Fed chair Kevin Warsh after pressure on Powell over rates
US President Donald Trump supports the appointment of Kevin Warsh as the next chair of the Federal Reserve and describes the role as “independent,” according to reporting from multiple outlets. Both s...
- Trump supports appointing Kevin Warsh as the next Federal Reserve chair.
- Trump says the Fed should be “independent” or “totally independent.”
- Trump previously pressured Jerome Powell, the prior Fed chair, to cut interest rates.
- The reporting connects Trump’s pressure on Powell to the move toward Warsh’s expected leadership.
The US president piled major pressure on Kevin Warsh's predecessor to cut interest rates.
3 months agoTrump has backed an “independent” Fed under new Chair Kevin Warsh after months of pressure on Jerome Powell to cut rates.
3 months ago
Five more people arrested over A66 crash that killed two police officers and five others
Police in Cleveland continue investigating a fatal wrong-way crash on the A66 near Middlesbrough that kills seven people...
England’s seam quartet dominates Pakistan as Lord’s Test edges toward series win
England’s seam-bowling quartet repeatedly troubles Pakistan on the second day of the second Test at Lord’s, putting the...
Seven more arrested in organised crime crackdown after deadly A66 crash
Police arrest seven more people as part of an operation following a deadly crash on the A66 road. The additional arrests...