Trump on Warsh: He'll do what he has to do

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August 31, 2026 4:02 PM EDT

FILE PHOTO: U.S. President Donald Trump speaks with new Federal Reserve Chair Kevin Warsh on the day of his swearing in ceremony, in the East Room of the White House in Washington, D.C., U.S., May 22, 2026. REUTERS/Evelyn Hockstein/File Photo

By Steve ‌Holland and ​Bo ​Erickson

WASHINGTON, Aug 31 (Reuters) - U.S. President Donald Trump on Monday ‌told reporters in the Oval Office ⁠he has a lot of respect ‌for Federal Reserve Chairman ‌Kevin Warsh and that "he'll do what he has to do" on ​interest rates.

Warsh in a recent speech said the U.S. central ⁠bank will "have work to do" if policymakers don't ​get the confidence they need that inflation is heading down to ​2%.

Trump repeatedly urges ‌lowering interest rates. "We should pay, in my opinion, the ⁠lowest interest rates anywhere in the world by far," Trump said on ⁠Monday.

The Fed's preferred Personal Consumption Expenditures Price ​Index remained at 3.7% on an annual basis as of July. Affordability is top ‌of mind for voters ahead of November's midterm elections.

Central ‌bankers will meet next month ⁠to consider any ‌interest rate ​changes.

(Reporting by Steve Holland and Bo Erickson; Editing by Caitlin ‌Webber)


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