Trump repeatedly calls Fed Chair Warsh, breaking norms and raising independence concerns
GeopoliticsMacro
The Wall Street Journal reports that President Trump has been repeatedly calling Fed Chair Warsh, who took office in May this year. While it is customary for the president and the Fed chair to have official contact after prior coordination, Trump is said to have called multiple times over several days, seeking advice on the US-Iran conflict and the economic impact of the AI boom. It is unclear whether they discussed monetary policy, but the topic of policy rates has reportedly not come up since Warsh's confirmation. Trump, who has been demanding rate cuts ahead of the midterm elections, has broken with tradition, likely raising fresh concerns about the Fed's independence.
