Trump Presses New Fed Chair to Cut Rates Below 1% Hours After Swearing-In
Updated
Updated · Yahoo Finance · Aug 1
Trump Presses New Fed Chair to Cut Rates Below 1% Hours After Swearing-In
3 articles · Updated · Yahoo Finance · Aug 1
Summary
Hours after Kevin Warsh’s White House swearing-in on May 22, Donald Trump said interest rates would come down quickly, signaling public pressure on his own new Fed chair.
Trump has argued rates should fall to 1% or lower even after the Fed cut six times from September 2024 to December 2025, leaving the federal funds range at 3.5% to 3.75%.
He has tied cheaper borrowing to stronger hiring, faster AI data-center investment and lower debt-service costs on the $39.7 trillion national debt.
The renewed push keeps alive Trump’s pattern of publicly criticizing the Fed despite its formal independence, a stance that could test Warsh as markets climb in 2026.