Archive · 18 Sep 2026
Trump Says He Let Warsh Raise Rates Without Opposition
Warsh was involved in a decision to raise interest rates.
Before the decision, Donald Trump said he spoke with Warsh.
Trump said he advised Warsh to vote with the board.
He said Warsh’s individual vote would not change what the board decided.
Trump presented himself as accepting the decision.
He also said this protected Warsh from being outvoted by the rest of the board.
Trump described the board as tough.
He said many board members opposed the White House.
Warsh voted with the board during Wednesday’s rate decision.
Trump said he had spoken with Warsh before the decision.
Trump said he told Warsh to vote with the board because his vote would not change the outcome.
Trump portrayed the decision as one he had effectively allowed.
Trump said Warsh faced a tough board opposed to the White House.
- Who
- Donald Trump and Warsh, along with the board involved in the rate decision.
- What
- Warsh raised rates and, according to Trump, voted with the board.
- When
- Before and during Wednesday’s decision; no exact date is provided.
- Why
- Trump said he wanted Warsh to vote with the board because the outcome would not change and to avoid Warsh being outflanked by the committee.
- Decision
- Warsh raised interest rates during a Wednesday decision.
- Trump’s account
- Trump said he had spoken with Warsh before the decision.
- Trump’s advice
- Trump said he told Warsh to vote with the board.
- Reason given
- Trump said Warsh’s vote would not affect the outcome.
- Board description
- Trump called the board tough and said it opposed the White House.