Analysis: Trump treats Fed Chairman Kevin Warsh as an ally. That creates economic risks
Summary
Trump's reported phone calls to the Fed chairman will complicate his efforts to prove he will act independently on inflation and interest rates.
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JUST IN: 🇺🇸 Fed Chair Kevin Warsh is prepared to raise interest rates in September if inflation is higher than expected. pic.twitter.com/wRaKWsU0Fb
— Watcher.Guru (@WatcherGuru) August 6, 2026
TRUMP SAID TO CALL WARSH IN LATEST SIGNAL OF PUSH TO REMAKE FED
— *Walter Bloomberg (@DeItaone) August 6, 2026
Bloomberg reports President Trump has held periodic phone calls with Fed Chair Kevin Warsh since May, discussing the economy and Warsh's outlook without directing policy.
The conversations come amid Trump's broader…
WARSH OPEN TO SEPTEMBER RATE HIKE
— *Walter Bloomberg (@DeItaone) August 6, 2026
FT reports Fed Governor Kevin Warsh would be prepared to raise rates in September if upcoming inflation data comes in hot and markets increase expectations for higher borrowing costs, according to people familiar with his thinking.
KASHKARI CALLS FOR IMMEDIATE RATE HIKES
— *Walter Bloomberg (@DeItaone) August 5, 2026
Minneapolis Fed President Neel Kashkari said the Fed should begin raising interest rates now to bring inflation under control.
Kashkari, one of three officials who dissented from last week's decision to hold rates steady, backed a 25bp…
JUST IN: 🇺🇸 Fed Governor Lisa Cook says she's ready to raise interest rates if inflation remains high.
— Watcher.Guru (@WatcherGuru) August 5, 2026