Trump Says Warsh to Cut Rates Without White House Pressure

Summary

President Donald Trump spoke to reporters in the Oval Office about Federal Reserve Chair nominee Kevin Warsh, saying Warsh did not commit to cutting rates but that Trump believes he wants to cut rates without White House pressure. Trump also dismissed Senator Thom Tillis's blockade of Fed nominees, saying he will wait for a senator who will approve them. No specific securities, sectors, or investment trades were named in the remarks.

• Trump says Fed Chair nominee Kevin Warsh did not promise him rate cuts.
• Trump believes Warsh will cut rates without White House pressure.
• Trump acknowledged Warsh's hawkish history but said rate hikes have sometimes been needed.
• Trump praised Warsh as highly qualified and the youngest ever to serve on the Fed.
• Trump said Senator Thom Tillis is obstructing the Fed nominee confirmation process.
• Trump said he is willing to wait for a senator who will approve Fed nominees.
• No specific securities, sectors, or trades were discussed in the remarks.