President Trump said Monday that he has held only one "brief" conversation with Federal Reserve Chair Warsh since Warsh assumed office, denying reports of frequent communication between the two. Earlier reports said Trump and Warsh had communicated multiple times since Warsh was confirmed as Fed chairman in May, with Trump asking Warsh about his predictions and views on the economic outlook. Trump's remarks push back against that narrative directly. The denial follows comments from White House National Economic Council Director Hassett last week, who said the two leaders "often discuss economic issues." Other people familiar with the matter, however, described the calls as irregular and infrequent. Trump again voiced his preference for lower interest rates while declaring he is "100 percent supportive" of Warsh, emphasizing that monetary policy decisions rest with the Fed's board of governors as a whole. BlockBeats reported the remarks, citing Chinese financial news outlet Jin Shi.
President Trump said Monday he has had only one "brief" conversation with Federal Reserve Chair Warsh since Warsh took office, pushing back on reports that the two have been in frequent contact.
Trump's denial came after White House National Economic Council Director Hassett said last week that the two officials "often discuss economic issues." Other people familiar with the matter, however, described the interactions as irregular and infrequent, according to earlier reporting.
Media reports had previously said Trump and Warsh communicated multiple times after Warsh was confirmed as Fed chairman in May, with Trump asking the central bank chief about his predictions and views on the economic outlook.
In his latest remarks, Trump again expressed his desire to lower interest rates. At the same time, he said he is "100 percent supportive" of Warsh and stressed that Federal Reserve policy is determined collectively by the board of governors.
BlockBeats reported the remarks, citing financial news outlet Jin Shi.
This article was originally published by Bit.Fan. For more cryptocurrency news and market insights, visit www.bit.fan. Disclaimer:
The market information, project data, and third-party content displayed on this platform are for industry information sharing only and do not constitute any form of investment advice or return commitment.
Cryptocurrency trading carries high risks. Users should fully assess their risk tolerance and make independent decisions. All profits, losses, and legal responsibilities are borne by the users themselves.
