Trump Said to Call Warsh In Latest Signal of Push to Remake Fed

Reports say President Trump has periodically spoken by phone with Federal Reserve Chair Kevin Warsh since taking office, highlighting efforts to increase influence over the central bank. While no policy decision was announced, the implied pressure raises concerns around Fed independence and could unsettle rate expectations across markets.

Analysis

Reports say President Trump has periodically spoken by phone with Federal Reserve Chair Kevin Warsh since taking office, highlighting efforts to increase influence over the central bank. While no policy decision was announced, the implied pressure raises concerns around Fed independence and could unsettle rate expectations across markets.