Trump Says He Told Fed's Warsh to Vote With Rest of Board on Rate Move
President Trump said the vote of Fed governor Kevin Warsh would not change the outcome, according to CNBC.
President Donald Trump said he told Federal Reserve governor Kevin Warsh to vote in line with the rest of the Federal Reserve's board on an upcoming interest rate decision, according to a report from CNBC published Sept. 16.
Trump was quoted as saying that Warsh's individual vote "is not going to matter" in the context of the board's collective decision, CNBC reported.
The remarks come after Trump previously threatened to cut off trade with countries that run trade surpluses with the United States if the Federal Reserve does not lower interest rates, according to the report.
CNBC did not provide additional details on the specific rate decision under discussion or further context for Trump's comments regarding Warsh.
The Federal Reserve operates independently of the executive branch, though Trump has repeatedly voiced his views on the central bank's monetary policy decisions.
Sources
- Trump says he told Warsh to vote for hike with the rest of Fed board: 'It's not going to matter' — CNBC — Top News
EGazette summarizes reporting from multiple sources; follow the links for the originals.
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