Fed Chair Warsh says Trump did not try to influence policy, September briefing due

Officials will review the balance sheet and interest rates as tools to address inflation, with a task force update expected in early September, PANews reported on July 15.

Summary

Fed Chair Warsh said Trump had not tried to influence Federal Reserve policy and declined to comment on whether the two had spoken, saying he would not share their conversations. He said officials would review tools including the balance sheet and interest rates to address inflation, with a task force briefing expected in early September. The remarks, reported by PANews on July 15, point to a policy review focused on the Fed’s main levers for tightening or easing financial conditions.

Terms & Concepts
  • balance sheet: Central bank asset holdings and liabilities
  • interest rates: Borrowing costs set to guide inflation
  • inflation: Broad rise in consumer prices