Trump blames Fed board for rate hike, not Warsh
President Donald Trump said he is relying on Fed Chairman Kevin Warsh but blamed what he called a hostile and political Fed board for Wednesday's interest-rate increase, according to reports.
President Donald Trump said Wednesday he was not faulting Federal Reserve Chairman Kevin Warsh for raising interest rates, instead blaming what he described as a “hostile” and “political” Fed board. “I'm relying on Kevin, but he has got a very tough board,” Trump told reporters Wednesday evening.