Trump on Fed's Warsh and rate cuts: 'He has to do what he has to do'
Speakers
Donald Trump
— President of the United States
Summary
President Trump tells CNBC the US is in a "golden age" with record stock market highs and strong economic data, and suggests the Fed should cut rates to allow good news to boost markets again, while criticizing the current inflation-phobic reaction. He also notes that India and Japan are growing rapidly without such restraints.
- Trump claims the US is experiencing a "golden age" with all-time stock market highs and record employment.
- He highlights 401(k)s up 80-90% and 81 all-time stock market records in under 18 months.
- He expects his second term's market performance to blow away his first term's gains.
- Trump discusses Fed Chair Warsh and expresses a desire for rate cuts to reverse the negative market reaction to strong economic data.
- He laments that good economic news often triggers selloffs due to inflation fears.
- He points to India and Japan as economies growing strongly without facing similar market punishment.
Ideas
US stock market will keep climbing
The US is in a "golden age" with record employment, massive factory construction, 401(k)s up 80-90%, and the stock market hitting 81 all-time highs in a year and a half. Trump asserts his second term will blow away the first term's stock market performance.
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This CNBC video, published July 02, 2026, features Donald Trump discussing SPY, NASDAQ Composite, DJI. 1 trade idea extracted by AI with direction and confidence scoring.
Speakers: Donald Trump · Tickers: SPY, NASDAQ Composite, DJI