Trump Faults ‘Hostile' Fed Board for Interest-Rate Hike

• President Trump stated that interest rates are 'too high' and the Fed board is 'very hostile' and 'political'.
• He claimed to have spoken to Kevin Warsh, advising him to vote with the board as it 'won't matter'.
• The US should have the 'lowest interest rate anywhere in the world', according to Trump.
• Fed Chair Warsh did not detail conversations with Trump but noted an 'attitude of optimism' on the board and a strengthening economy.

President Trump criticized the Federal Reserve's unanimous interest rate hike, calling the board 'hostile' and 'political' and advocating for lower borrowing costs. He claimed to have advised Fed Chair Kevin Warsh to vote with the board, despite his disagreement. The report highlights the tension between the White House and the Fed regarding monetary policy.