President Donald Trump confirmed he continues to support Kevin Warsh as Federal Reserve Chair, even though the Fed has not cut interest rates as he would like. He said Warsh is a great person, but monetary policy decisions must go through the committee, which holds differing views. Speaking in the Oval Office, Trump said he knows Warsh himself wants to see lower rates, but the committee has a political dimension that favors higher rates. Meanwhile, after the Federal Open Market Committee meeting, which voted to hold rates at 3.50 to 3.75 percent, Warsh signaled that if core inflation continues to accelerate and the economy remains strong, a rate hike could be an appropriate option. Three Fed officials dissented from the hold decision and supported a quarter-point rate increase. Interest rate futures markets are pricing in a more than 60 percent chance of a quarter-point hike at the September meeting.