President Donald Trump said Federal Reserve Chair Kevin Warsh should have voted against last month’s unanimous quarter-point rate increase but said he does not hold Warsh personally responsible. Trump directed his criticism at what he described as a hostile and political board, while maintaining confidence in Warsh, whom he nominated to lead the central bank. Fed officials signaled that another increase could follow later this year as inflation remains above the Fed’s 2% goal. Trump has repeatedly called for lower borrowing costs, including a benchmark rate of 1% or less. Warsh succeeded then-Fed Chair Jerome Powell earlier this year and was confirmed by the Senate in a 54-45 vote. Only three of the 12 Federal Open Market Committee members were nominated by Trump, leaving Warsh to work with governors appointed by previous administrations and independently operating regional bank presidents.