Trump Blames Fed Board, Shields Warsh on Rate Hike — SkimNews
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- President Trump praised Federal Reserve Chair Kevin Warsh on Wednesday while blaming the Fed board for an interest rate increase, telling reporters "I'm relying on Kevin, but he's got a very tough board."
- Trump noted the board was "put there by a lot of other people," signaling he sees Warsh as personally aligned with him even as the board moved on rates.
- Trump delivered the comments after landing in North Carolina, continuing his pattern of public pressure on Fed policy from the road.
- Cross-coverage consensus: Foreign Policy frames the Fed as having 'bucked' Trump with a hike, while Channel News Asia adds that Trump wants rates "1% or less" — a demand intensity not captured in the truncated source text.
Why it matters: By publicly defending Warsh while attacking the board, Trump is preserving his working relationship with his own appointee while keeping institutional pressure on the Fed — a split-the-blame strategy that lets him maintain leverage without alienating the chair who still must deliver the votes he wants.
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