Trump Gave His Fed Pick One Job. About That …

Live updates

1. 29d ago

   Kevin Warsh Begins Reshaping Federal Reserve Leadership

   Federal Reserve Chairman Kevin Warsh is now using his position to reshape the central bank, starting with the selection of a new head for the Federal Reserve Bank of Atlanta. This follows a period of tension where President Trump sought a nominee to align with his preference for low interest rates. Warsh previously kept rates steady despite Trump's claims that the appointment was contingent on rate cuts.

   What's confirmed:

   • Kevin Warsh is the Chairman of the Federal Reserve.
   • The Senate Banking Committee advanced Kevin Warsh as President Trump's pick for Fed chair.
   • Kevin Warsh is seeking a new head for the Federal Reserve Bank of Atlanta.

   Still unconfirmed:

   • President Trump believes Jerome Powell's termination should happen quickly.
   confidence 90%
2. 32d ago

   Fed Chair Kevin Warsh Maintains Rates Despite Trump Demands

   Federal Reserve Chairman Kevin Warsh kept interest rates steady at his first policy meeting. President Trump previously stated Warsh would cut rates and claimed he would not have received the position otherwise. Warsh is now focused on reducing elevated inflation.

   What's confirmed:

   • Kevin Warsh is a former Fed governor and current Federal Reserve Chairman.
   • President Trump nominated Kevin Warsh to lead the Federal Reserve.
   • Inflation remains elevated.

   Still unconfirmed:

   • Donald Trump claimed Kevin Warsh would cut interest rates.
   • Stephen Miran would be a puppet for Trump at the central bank.
   confidence 90%
3. 36d ago

   Fed Chair Kevin Warsh Maintains Current Interest Rates

   Federal Reserve Chairman Kevin Warsh left interest rates unchanged during his first policy meeting. This decision contradicts President Trump's public requests for rate cuts. Warsh began his term facing elevated inflation.

   What's confirmed:

   • Kevin Warsh kept interest rates unchanged in his first meeting as Federal Reserve chairman.
   • President Trump wants a rate cut.
   • Warsh is facing elevated inflation.

   Still unconfirmed:

   • Warsh is likely to focus on the primary causes of elevated inflation.
   • The specter of rate increases greets Warsh's debut.
   confidence 90%
4. 37d ago

   Kevin Warsh Maintains Interest Rates in First Fed Meeting

   Federal Reserve Chair Kevin Warsh kept interest rates unchanged during his first policy meeting. This decision follows a period of stability for rates since December. President Trump has expressed a desire for rate cuts.

   What's confirmed:

   • Kevin Warsh is the chairman of the Federal Reserve.
   • The Federal Reserve kept interest rates unchanged during Warsh's first meeting.
   • President Trump wants the Federal Reserve to cut interest rates.

   Still unconfirmed:

   • Inflation is at a three-year high.
   • Hiring is strong.
   • Kevin Warsh spent a year calling for rate cuts.
   confidence 90%
5. 37d ago

   New Fed Chair Kevin Warsh Holds Interest Rates Steady

   Kevin Warsh officially took over as head of the Federal Reserve on May 22. Despite pressure from President Trump to cut rates, Warsh held interest rates steady during his first policy meeting. Trump responded to the decision by saying, "It's all right. Whatever."

   What's confirmed:

   • Kevin Warsh became the head of the Federal Reserve on May 22.
   • The Federal Reserve kept interest rates steady under Warsh's leadership.
   • President Trump has repeatedly argued that the Fed should lower interest rates.
   • Trump stated "It's all right. Whatever." regarding the decision to hold rates.

   Still unconfirmed:

   • Economists believe Warsh will aim for a neutral approach due to challenging economic timing.
   • Inflation is currently at a three-year high.
   confidence 95%