{"id":1365,"date":"2026-07-27T17:41:44","date_gmt":"2026-07-27T17:41:44","guid":{"rendered":"https:\/\/interstatemovingexpertss.com\/?p=1365"},"modified":"2026-07-27T17:41:44","modified_gmt":"2026-07-27T17:41:44","slug":"trump-backs-fantastic-warsh-while-calling-for-lower-rates-and-citing-bad-intentions-of-other-fed-officials","status":"publish","type":"post","link":"https:\/\/interstatemovingexpertss.com\/?p=1365","title":{"rendered":"Trump backs ‘fantastic’ Warsh while calling for lower rates and citing ‘bad intentions’ of other Fed officials"},"content":{"rendered":"
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President Donald Trump on Monday voiced support for Federal Reserve Chairman Kevin Warsh while insisting that the U.S. should have the lowest interest rates in the world.<\/p>\n

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While backing his choice to lead the central bank, Trump questioned the motives of other members of the Fed’s Board of Governors for not wanting to ease monetary policy.<\/p>\n

“Kevin’s fantastic, but he’s got a board, and the board members are very political, I would say,” the president said during a session with reporters on Air Force One. “He wants to do the right thing. I know what he wants to do.”<\/p>\n

The president’s comments came two days before the bank’s Federal Open Market Committee (FOMC) releases its latest interest rate decision. Markets are pricing in a strong chance that officials will vote to stay on hold, as they have all year, though they’re leaving open about a 1-in-3 chance of quarter percentage point hike, according to the CME Group’s FedWatch tool.<\/p>\n

Several Fed officials in recent days have expressed concern about persistently high inflation. Dallas Fed President Lorie Logan, a voting FOMC member this year, was the most explicit in calling for tighter policy, saying benchmark rates should be “modestly higher.”<\/p>\n

In his remarks, Trump, as he has done in the past, accused Fed officials of having ulterior motives.<\/p>\n

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“You need the consent of some people that have perhaps bad intentions. Rates should be lowered. This country could be at 8%, 9%, 10%, 12% [annualized growth of] GDP. That’s what it should be,” he said. <\/p>\n

“We should have the lowest interest rate in the world, like it used to be 30 years ago,” he added.<\/p>\n

The Fed’s benchmark overnight borrowing rate is currently targeted in a range between 3.5%-3.75%, where it has been since the central bank lowered by three-quarters of a percentage point in second half of 2025.<\/p>\n

The rate is essentially the same as the Bank of England, but is above the 2.25% for the European Central Bank, Japan’s 1% and China’s 3%.<\/p>\n

Read more Consolidated food supply may be worsening cyclospora outbreaks, experts say<\/a><\/p>\n<\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

President Trump Monday voiced support for Federal Reserve Chairman Kevin Warsh while insisting that the U.S. should have the lowest interest rates in the world.<\/p>\n","protected":false},"author":1,"featured_media":1364,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2],"tags":[],"class_list":["post-1365","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-politics"],"yoast_head":"\nTrump backs 'fantastic' Warsh while calling for lower rates and citing 'bad intentions' of other Fed officials - Interstate Moving Experts<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/interstatemovingexpertss.com\/?p=1365\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Trump backs 'fantastic' Warsh while calling for lower rates and citing 'bad intentions' of other Fed officials - 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