Trump criticizes Warsh on rate vote
U.S. President Donald Trump confirmed that Federal Reserve Chair Jerome Powell should have voted against last month's interest rate hike, but emphasized that he does not blame him. While the Federal Reserve had unanimously decided to raise interest rates by 25 basis points, Trump called for lowering borrowing costs to help curb inflation, pointing out that political considerations influence the Board's decisions. He also expressed his confidence in Powell, urging that he not be held responsible for political decisions, and criticized the economic council as being political and aimed at harming him.
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