‘Whatever’: Trump now OK with Fed holding or raising rates as long as Powell not chair (opens original article in a new tab)

Trump says he is okay with the Federal Reserve holding or raising interest rates under Kevin Warsh's leadership, reversing his previous criticism of former chairman Jay Powell. The Fed kept rates unchanged in its first meeting under Warsh, with some officials considering rate hikes due to high inflation. Trump now advocates for the Fed's independence, despite earlier attempts to influence its policies.

• Trump says he is okay with Fed holding or raising rates under Kevin Warsh's leadership
• Trump previously criticized Fed chairman Jay Powell for not lowering interest rates
• Fed's Open Markets committee kept key rate unchanged in first meeting under Warsh's chairmanship
• Warsh took control of the Fed on May 22 after Senate confirmation
• Trump now wants Fed to operate without political interference