Archive · 30 Jul 2026
Trump Supports Fed Chair Amid Rate‑Cut Push
President Trump said the new Fed boss, Kevin Warsh, is a brilliant guy, even though the Fed didn’t lower interest rates.
Warsh told reporters that inflation is still a big worry, so rates probably won’t go down soon.
The Fed left its main rate the same as before, which made Trump upset.
Some Fed members even disagreed with the decision, which is rare for a new chair.
Most people now think the Fed might raise rates later this year instead of cutting them.
Trump praised Fed Chair Kevin Warsh as a "brilliant guy" despite the Fed’s unchanged rates.
Warsh signaled that inflation remains the priority, hinting rates are unlikely to cut soon.
The Fed left its benchmark rate at 3.50‑3.75% for a second straight meeting, defying Trump’s push for cuts.
Three Fed officials dissented, a rare early challenge to a new chair.
Markets now see over 60% chance of a rate hike in September, aligning with Warsh’s hawkish stance.
- Who
- Donald Trump, Kevin Warsh, Federal Reserve officials
- What
- Trump praises Warsh while the Fed keeps rates unchanged
- When
- Recent Fed meeting
- Where
- United States, Oval Office and Federal Reserve
- Why
- Trump seeks lower rates; Warsh prioritizes inflation
- President
- Donald Trump
- Fed Chair
- Kevin Warsh
- Benchmark Rate
- 3.50‑3.75%
- Fed Decision
- Rates unchanged
- Market Expectation
- 60% chance of rate hike in September