President Trump stands by Federal Reserve Chairman Kevin Warsh after rate hike

  • President Trump said he was standing by Federal Reserve Chairman Kevin Warsh.
  • The Federal Reserve unanimously voted to raise interest rates before Wednesday's remarks.
  • Trump said he spoke with Warsh shortly before the central bank's vote.

President Trump said he was standing by Federal Reserve Chairman Kevin Warsh after speaking with him shortly before the central bank unanimously voted to raise interest rates. Trump said he was relying on Warsh but acknowledged that Warsh faced a very tough board, adding that he had told him to vote with the board because his individual position would not affect the outcome. Trump also said Warsh should do what he wanted.

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