President Donald Trump Just Took a Jab at His Handpicked Fed Chair, Kevin Warsh, Over Interest Rates

President Trump criticized Fed Chair Kevin Warsh and the FOMC for not cutting interest rates after their June 17 meeting. Trump's own policy decisions—including tariffs and the Iran war that disrupted oil supplies—have created inflation pressures that may force the Fed to raise rates instead, contradicting Trump's preference for lower rates. Nine of 18 FOMC members now expect rate hikes by year-end, with the probability of a December 2026 hike reaching 89%.