Federal Reserve Chair Kevin Warsh suggested that President Donald Trump is only partly correct in his assessment of the economy after the central bank raised interest rates, according to Decrypt. Warsh credited Trump’s economic record, but did not support or address the president’s calls for lower borrowing costs. The comments highlight a divide between recognition of the economy’s performance and the Federal Reserve’s approach to interest-rate policy. The rate hike and Warsh’s remarks may remain relevant for markets tracking policy expectations, including crypto assets such as Gnosis (GNO), Official Trump (TRUMP), ORE, RedStone (RED), and WIN. Decrypt reported that Warsh acknowledged Trump’s contribution to the economy while effectively setting aside his requests for rate cuts.
