White House sends blunt message to Warsh as Fed rate fears rise
Key takeaways
- Some Fed officials and many analysts are forecasting that the policy-making Federal Open Market Committee will raise interest rates as soon as the end of the year if not sooner due to increasing price pressures.
- Trump said while he wants Warsh “to do whatever he wants,” he also added that “There’s no reason to raise interest rates.”
- The strong jobs numbers also prompted a June 5 selloff in Treasuries and caused traders to pencil in a quarter-point increase in the Fed’s key rate by year-end.
White House sends blunt message to Warsh as Fed rate fears rise Mary Helen Gillespie Tue, June 9, 2026 at 11:17 PM GMT+7 6 min read The White House is rapidly pushing forward with its longtime campaign for drastically lower interest rates to ensure Fed Chair Kevin Warsh gets the message as his first policymaking meeting looms.
President Donald Trump, in an oft-confrontational interview with NBC News’ “Meet the Press,” blasted the growing consensus from Main Street to Wall Street that the Federal Reserve will begin to raise the benchmark federal funds rate later this year to offset risks to the inflation side of the Fed’s mandate.
Some Fed officials and many analysts are forecasting that the policy-making Federal Open Market Committee will raise interest rates as soon as the end of the year if not sooner due to increasing price pressures.