Trump Expects Kevin Warsh to Cut Interest Rates After Taking Office at the Fed
🔸President Trump openly hopes that Kevin Warsh will implement a policy of interest rate cuts to boost economic growth. Trump believes Warsh is the choice capable of winning votes from the Democratic Party, facilitating the approval process.
🔸Trump's public pressure on Warsh regarding interest rates even before taking office shows that the political pressure on the independence of the Fed will be very high during this term. If Warsh does indeed cut interest rates as the White House desires, the market may be excited in the short term, but the risk of inflation returning will be a tough problem for the American economy by the end of 2026.
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