{"id":6737,"date":"2026-04-22T00:05:09","date_gmt":"2026-04-21T18:35:09","guid":{"rendered":"https:\/\/banitoday.com\/trump-says-hed-be-disappointed-if-fed-pick-doesnt-cut-rates-warsh-vows-to-be-independent-actor\/"},"modified":"2026-04-22T00:05:09","modified_gmt":"2026-04-21T18:35:09","slug":"trump-says-hed-be-disappointed-if-fed-pick-doesnt-cut-rates-warsh-vows-to-be-independent-actor","status":"publish","type":"post","link":"https:\/\/banitoday.com\/hi\/trump-says-hed-be-disappointed-if-fed-pick-doesnt-cut-rates-warsh-vows-to-be-independent-actor\/","title":{"rendered":"Trump says he\u2019d be disappointed if Fed pick doesn\u2019t cut rates; Warsh vows to be ‘independent actor’"},"content":{"rendered":"


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Donald Trump, left, and Kevin Warsh<\/span><\/div>\n<\/section>\n<\/div><\/div>\n<\/div>\n

US President Donald Trump<\/a> on Tuesday said he would be disappointed if his nominee for Federal Reserve chair, Kevin Warsh, does not cut interest rates right away after taking office if confirmed by the Senate. Trump, during an interview with CNBC\u2019s \u201cSquawk Box,\u201d also said \u201cwe have to find out\u201d about the construction costs of the new Federal Reserve building.Warsh, a former Federal Reserve official and financier, is currently facing Senate confirmation hearings where he has stressed his independence from political pressure.\u201cThe president never once asked me to commit to any particular interest rate decision, and nor would I agree to it if he had,\u201d Kevin Warsh said under questioning by the Senate Banking Committee, as quoted by LA Times. \u201cI will be an independent actor if confirmed as chair of the Federal Reserve.\u201dWarsh told lawmakers that fighting inflation would be one of his main priorities if confirmed.\u201cCongress tasked the Fed with the mission to ensure price stability, without excuse or equivocation, argument or anguish,\u201d Warsh said. \u201cInflation is a choice, and the Fed must take responsibility for it.\u201dThe comments come as investors closely watch his confirmation hearing, with inflation remaining at 3.3% annually and global tensions, including the war in Iran pushing up gas prices, adding pressure on the economy. Higher inflation typically leads the Federal Reserve to keep interest rates steady or raise them rather than cut them, as rate changes affect mortgages, auto loans, and business borrowing.Democrats on the Senate Banking Committee accused Warsh of shifting his stance on interest rates over time, supporting higher rates under Democratic presidents and lower rates during Trump\u2019s presidency.Warsh, if confirmed, would take over at a time when inflation pressures make it difficult for the Federal Reserve to cut rates, even as Trump continues to push for lower borrowing costs. Trump has repeatedly urged rate cuts and has long clashed with current Fed chair Jerome Powell over monetary policy. Powell has also been the subject of a Department of Justice criminal probe after refusing Trump\u2019s requests for faster rate cuts. Trump told CNBC that he does not plan to pressure the Justice Department to end that probe.<\/div>\n


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Donald Trump, left, and Kevin Warsh US President Donald Trump on Tuesday said he would be disappointed if his nominee for Federal Reserve chair, Kevin Warsh, does not cut interest rates right away after taking office if confirmed by the Senate. Trump, during an interview with CNBC\u2019s \u201cSquawk Box,\u201d also said \u201cwe have to find […]<\/p>\n","protected":false},"author":1,"featured_media":6738,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-6737","post","type-post","status-publish","format-standard","has-post-thumbnail"],"amp_enabled":true,"_links":{"self":[{"href":"https:\/\/banitoday.com\/hi\/wp-json\/wp\/v2\/posts\/6737","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/banitoday.com\/hi\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/banitoday.com\/hi\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/banitoday.com\/hi\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/banitoday.com\/hi\/wp-json\/wp\/v2\/comments?post=6737"}],"version-history":[{"count":0,"href":"https:\/\/banitoday.com\/hi\/wp-json\/wp\/v2\/posts\/6737\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/banitoday.com\/hi\/wp-json\/wp\/v2\/media\/6738"}],"wp:attachment":[{"href":"https:\/\/banitoday.com\/hi\/wp-json\/wp\/v2\/media?parent=6737"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/banitoday.com\/hi\/wp-json\/wp\/v2\/categories?post=6737"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/banitoday.com\/hi\/wp-json\/wp\/v2\/tags?post=6737"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}