Trump downplays talks with Fed candidate Warsh, hints at rate cut desire

Published Aug 11, 12:55 AM UTC

US President Donald Trump downplayed the frequency and length of his conversations with Federal Reserve candidate Kevin Warsh, while hinting at his long-running desire to see the Fed lower interest rates. The remarks come amid growing doubts about the independence of the Federal Reserve, as Trump has previously pressured the central bank to cut rates. Trump stated he is behind Warsh '100 per cent', but the article suggests ongoing concerns about political interference in monetary policy. The report from The Business Times highlights the tension between the White House and the Fed over interest rate policy.