The New Republic | Fed Chair Nominee Caught in Massive Lie on What Trump Told Him by Finn Hartnett
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Arizona Senator Ruben Gallego aggressively fact‑checked Trump‑picked Federal Reserve chair nominee Kevin Warsh during the Senate confirmation hearing, exposing a direct contradiction between Warsh’s claim that President Donald Trump never demanded interest‑rate cuts and Trump’s own Wall Street Journal interview in which he said he had pressed Warsh to commit to supporting cuts. Warsh attempted to dismiss the journalists’ report as unreliable and refused to concede that Trump had asked him about rate policy, while also defending his independence despite Trump’s pressure to replace Jerome Powell quickly. The exchange highlighted concerns that Warsh might prioritize the president’s political agenda over economic stewardship, underscored by his billionaire wealth, past Wall Street and Bush‑administration roles, and the broader tension between Trump’s desire for a compliant Fed chair and the tradition of central‑bank independence.
Read more: https://newrepublic.com/post/209319/federal-reserve-chair-nominee-donald-trump-interest-rates
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