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President Donald Trump on Wednesday evening said he counseled Federal Reserve Chair Kevin Warsh to vote for an interest rate hike because other Fed officials were expected to vote that way anyway.
"I said do what you want because it doesn't matter because he doesn't have the votes," Trump said to reporters as he was traveling in North Carolina to campaign for a Senate candidate.
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"I told Kevin, I said, 'You might as well vote with the board because it's just not going to matter. ... The board is very hostile," Trump said. "They're very political. They're doing the wrong thing. They're a bunch of politicians. They are people put on by politicians."
In the same interview with reporters, Trump also suggested that he doesn't expect Warsh to follow his directions, saying he wanted the Fed "to be independent."

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2 months ago

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