{"id":870,"date":"2026-06-07T15:07:57","date_gmt":"2026-06-07T15:07:57","guid":{"rendered":"https:\/\/trustedmovinggroups.com\/?p=870"},"modified":"2026-06-07T15:07:57","modified_gmt":"2026-06-07T15:07:57","slug":"trump-says-fed-chair-should-do-whatever-he-wants-but-criticizes-possible-interest-rate-hikes","status":"publish","type":"post","link":"https:\/\/trustedmovinggroups.com\/?p=870","title":{"rendered":"Trump says Fed chair should \u2018do whatever he wants\u2019 but criticizes possible interest rate hikes"},"content":{"rendered":"
\n

President Donald Trump criticized the possibility of the Federal Reserve raising interest rates, but said in an interview on NBC News\u2019 \u201cMeet the Press\u201d that he wants Fed Chair Kevin Warsh \u201cto do whatever he wants.\u201d<\/p>\n

Read more One person killed in attack in central Israel<\/a><\/p>\n

\u201cKevin is fantastic, and I want him to do whatever he wants,\u201d Trump told moderator Kristen Welker. \u201cI don\u2019t want to have a big influence on him. But we had a great report. We\u2019re doing great, and it\u2019s unfair that whenever you do great, they want to raise interest rates.\u201d<\/p>\n

<\/div>\n

The May jobs report indicated that the labor market was still resilient, adding 172,000 jobs while the unemployment rate remained consistent. The report came amid heightened concerns over oil and gas prices, which have risen since the start of the Iran war.<\/p>\n

\u201cNowadays when you have good reports, the market goes down because they think they\u2019re going to raise interest rates,\u201d Trump said during the interview. \u201cThere\u2019s no reason to raise interest rates.\u201d<\/p>\n

Trump bashed the possibility of the Fed raising interest rates, arguing that higher rates would effectively punish the country.<\/p>\n

\u201cThere\u2019s no reason to raise interest rates,\u201d Trump said. \u201cThe country becomes great. We built the country by doing great and having rates low. What they do is when they raise interest rates, they try and kill success. I don\u2019t want to kill success. We should actually lower interest rates.\u201d<\/p>\n

<\/div>\n

Trump repeatedly pressured the previous Fed chair, Jerome Powell, to lower interest rates, deriding him as \u201ctoo late\u201d and \u201ca major loser.\u201d<\/p>\n

Powell had argued that a now-dropped investigation into the Federal Reserve was actually \u201ca consequence of the Federal Reserve setting interest rates based on our best assessment of what will serve the public, rather than following the preferences of the president.\u201d The Justice Department had subpoenaed the Fed related to Powell\u2019s Senate testimony over the agency\u2019s office renovations, Powell said at the time.<\/p>\n

Read more Israel strikes Beirut\u2019s southern suburbs days after ceasefire agreement<\/a><\/p>\n

Earlier this year, Trump told NBC News that Warsh, his pick to lead the Fed next, would not have been selected if Warsh told Trump that he wanted to raise interest rates. In the same interview, Trump said that the Fed was \u201cin theory\u201d an \u201cindependent body,\u201d but went on to tout his economic perspective, arguing he knew \u201cthe economy better than almost everybody.\u201d<\/p>\n

The 12-person Federal Open Market Committee determines interest rates. The Fed chair sits on the committee, but does not unilaterally determine interest rates.<\/p>\n

On Friday, stock indexes fell as the jobs report raised investor concerns that the Fed might interest rates this year.<\/p>\n

Oil and gas prices have remained elevated since the Iran war began, though they have fallen from their peak. The national gas price average stands at $4.17 a gallon, up $1.19 since the war began but down from its height of $4.56.<\/p>\n

<\/div>\n

Asked during the interview whether he would be upset if the Federal Reserve raised rates, Trump praised Warsh, saying he has \u201ca lot of respect for him,\u201d before arguing again for lower rates.<\/p>\n

\u201cIf we do what I\u2019m saying, this will be a beautiful, well-oiled machine like you\u2019ve never seen before,\u201d Trump said.<\/p>\n

Read more Trump says the U.S. will work with Iran to destroy its uranium if they can make a deal<\/a><\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

President Donald Trump criticized the possibility of the Federal Reserve raising interest rates, but said in an interview on NBC News\u2019 \u201cMeet the Press\u201d that he wants Fed Chair Kevin Warsh \u201cto do whatever he wants.\u201d\u201cKevin is fantastic, and I want him to do whatever he wants,\u201d Trump told moderator Kristen Welker.<\/p>\n","protected":false},"author":1,"featured_media":869,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[23],"tags":[],"class_list":["post-870","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-white-house"],"yoast_head":"\nTrump says Fed chair should \u2018do whatever he wants\u2019 but criticizes possible interest rate hikes - Trusted Moving Group<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/trustedmovinggroups.com\/?p=870\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Trump says Fed chair should \u2018do whatever he wants\u2019 but criticizes possible interest rate hikes - 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