Trump still has confidence in his Fed’s chairman, despite the rate increase to 4%

Fed chair Warsh said inflation has been “too high ... for too long, and we must be confident that underlying inflation is moving to our objective clearly and at sufficient speed” President Donald Trump said he has confidence in the recerntly appointed Federal Reserve chair Kevin Warsh and found a way to justify the central bank’s decision to increase the benchmark interest rate to 4%, the first since 2023.

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