After the June U.S. payrolls report, Trump declined to advise incoming Fed Chair Warsh, said he could face a possibly hostile Fed board, and described him as a dovish voice on the Fed’s rate-setting committee.
President Donald Trump said after the latest U.S. jobs report that incoming Federal Reserve Chair Warsh "must do what he has to do" and declined to offer advice, while also saying he views Warsh as a dovish voice within the FOMC, the Fed’s rate-setting panel. Trump added that Warsh could face a "possibly hostile" Federal Reserve board that might "want to do the wrong thing." He also said he would continue pursuing the dismissal of Fed Governor Cook by "winning the lawsuit." The remarks add to recent signals from White House and Treasury officials that they expect the Federal Reserve to remain open to easing later this year, keeping investor focus on Fed leadership, governance and political pressure around monetary policy.