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Trump backs Fed Chairman Warsh after unanimous rate hike

President Trump said he was standing by Fed Chairman Kevin Warsh and that he spoke to him just before the central bank unanimously voted to raise interest rates.

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President Trump said he is backing Federal Reserve Chairman Kevin Warsh and that he spoke with him shortly before the central bank unanimously voted to raise interest rates. "I'm relying on Kevin. But he has a very tough board," Trump told reporters Wednesday in response to a question.