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Stocks rose as the Fed hiked rates. Semafor says President Donald Trump backed Fed nominee Kevin Warsh after the decision, following Trump’s criticism that stopped short of faulting the Fed chair.
TRUMP SAYS HE SPOKE WITH FED CHAIR WARSH President Trump says he spoke briefly with Fed Chair Kevin Warsh last week but stressed that Warsh must work with the broader Fed board. Trump suggested Warsh's preferred policy direction could differ if he had sole control, but did not specify what action the Fed chair favors.