Trump Says Fed Chair Warsh Faces Hostile Board, Won't Advise on Interest Rates

According to a CNBC interview on July 3, U.S. President Trump said Federal Reserve Chair Kevin Warsh faces a "somewhat hostile" board that may hinder his monetary policy goals. Trump stated he will not give Warsh any interest rate guidance, allowing him to "do what he should do." Meanwhile, White House senior advisor Kevin Hassett expressed confidence that Warsh can persuade colleagues to support rate cuts. The comments come after the June jobs report showed slowing employment growth and an unemployment rate of 4.2%.
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