Donald Trump told Kevin Warsh: "You might as well vote with the board" on Fed rate rise

On the day the Federal Reserve moved its policy rate up to about 3.75‑4 %—its first increase in three years and approved by every voting member—President Donald Trump said his conversation with new Fed chair Kevin Warsh made clear the committee would not be swayed by his preferences, urging Warsh to simply follow the board’s direction. Trump characterized the panel as politically driven and detrimental to his agenda, and on his social platform argued that rates should stay near 1 % because the United States enjoys top‑tier credit. The Wall Street Journal noted the hike disrupted a White House narrative that the president had selected Warsh, while the New York Times reported most Fed officials expect at least one more quarter‑point rise before year‑end.