Warsh Fed holds rates steady. Trump says 'It's all right. Whatever.'

[BumRushDaShow]

Source: Reuters

June 17, 2026 5:44 PM EDT Updated 6 hours ago


June 17 (Reuters) - President Donald Trump on Wednesday expressed confidence in Federal Reserve Chairman Kevin Warsh after the new central bank chief concluded his first rate-setting meeting with ​a decision to leave interest rates unchanged and published projections that showed nearly ‌half of U.S. central bankers feel a rate hike will be needed this year.

"It's all right. Whatever," Trump said in France, when asked what he felt about the Fed's decision to hold interest rates ​steady.

Trump had repeatedly railed at Warsh's predecessor, Jerome Powell, calling him a moron ​and a knucklehead, among many other names, for not cutting rates. Trump ⁠says that the central bank ought to lower borrowing costs to help the housing ​market, boost the economy, and reduce the cost of the government borrowing.

But on Wednesday, Trump ​had no such words for Warsh, whom he has said looks like he comes out of central casting for the part. "It could happen," Trump said, when asked about the possibility of a rate hike. "It's hard ​to believe. It just keeps the country down and it's so, it's so, unusual. ​But we have a very good guy over there right now so I'm guided by what he ‌wants."

Read more: https://www.reuters.com/world/us/warsh-fed-holds-rates-steady-trump-says-its-all-right-whatever-2026-06-17/

[bucolic_frolic]

1. He's no longer counting on the Fed to deliver the elections

He has other methods in place.

[BadgerKid]

2. No worries, there are multiple other angles in play. Nt

[Prairie Gates]

3. Lowering rates amidst rising inflation was a bridge too far for even Trump-toady Warsh

Like all capitalist economists, he's of course on record hundreds of times declaring the ground truth of macroeconomics known to every college freshman: you shouldn't lower rates when inflation is rising.

Maybe somebody finally got it through Trump's head that inflation would be at 5% by November if Warsh lowered rates. This is what happens when people pay others to take their SATs for them and Dad's money gets them into UPenn. Meritocracy and all that.

[louis-t]

4. He's making lots of money other ways.

He's not to concerned about the $150 million in bonds he bought going up in value when the interest rate goes down. .

[republianmushroom]

5. TACO Thursday