WATCH: Trump says Fed Chair Warsh will 'do what he has to do' on possible rate hikes
Summary
President Donald Trump said he is not against Federal Reserve Chair Kevin Warsh raising interest rates if needed to control inflation. However, he also said that he thinks current interest rates are too high.Key Facts
- President Trump said he might support interest rate increases to fight inflation.
- He believes interest rates are currently too high.
- Kevin Warsh is the current Chair of the Federal Reserve.
- President Trump chose Warsh for this role.
- Trump criticized the previous Fed Chair, Jerome Powell, for not cutting interest rates enough.
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