Markets.News
President Donald Trump expressed surprise and skepticism over new Federal Reserve Chairman Kevin Warsh's choice to keep interest rates steady, a decision he had previously opposed. When questioned about the Fed's move, Trump nonchalantly responded, "It's all right. Whatever." He went on to express disbelief, stating, "It's hard to believe. It just keeps the country down and it's so, it's so, unusual." Trump had previously criticized Warsh's predecessor, Jerome Powell, for not lowering rates to boost the housing market and economy. However, after Warsh's first rate-setting meeting ended with rates remaining unchanged, Trump refrained from criticism and even lauded Warsh, stating, "But we have a very good guy over there right now so I'm guided by what he wants." The President's reaction reflected a shift in tone towards the Fed's decisions.