{"id":1672,"date":"2026-06-17T23:12:30","date_gmt":"2026-06-17T23:12:30","guid":{"rendered":"https:\/\/nationwideinterstatemovers.com\/?p=1672"},"modified":"2026-06-17T23:12:30","modified_gmt":"2026-06-17T23:12:30","slug":"trumps-handpicked-fed-chair-betrays-him-at-first-test","status":"publish","type":"post","link":"https:\/\/nationwideinterstatemovers.com\/?p=1672","title":{"rendered":"Trump\u2019s Handpicked Fed Chair Betrays Him at First Test"},"content":{"rendered":"<article>\n<p>Donald Trump\u2019s pick for Fed Chair spurned him in his first meeting since taking the job, declining to cut interest rates despite pressure from the president to do so.<\/p>\n<p>Read more <a href=\"https:\/\/nationwideinterstatemovers.com\/?p=1670\">Trump Ripped for Total Surrender Peace Deal Debacle<\/a><\/p>\n<p>The president appeared baffled after learning of Chairman Kevin Warsh\u2019s decision to keep rates unchanged in his first rate-setting meeting as the central bank\u2019s leader. <\/p>\n<div>\n<p>\u201cIt\u2019s alright, whatever,\u201d Trump told reporters in France, where he is attending the G7 in Paris this week. <\/p>\n<\/div>\n<p>The president elaborated on his displeasure when asked about the growing likelihood of a rate hike instead. <\/p>\n<p>\u201cIt could happen,\u201d Trump said. \u201cIt\u2019s hard to believe. It just keeps our country down. It\u2019s so unusual.\u201d<\/p>\n<p>Trump, 80, refrained from trashing Warsh by name, as he often did his predecessor, Jerome Powell, for most of his second term. <\/p>\n<p>Tuesday marked the fourth straight Fed meeting in which rates were left unchanged. The Fed\u2019s decision was reached in a unanimous 12-0 vote.<\/p>\n<p>Warsh said in a news conference after the meeting that \u201cpersistently high prices are a burden for the American people.\u201d <\/p>\n<p>He added, \u201cIf I saw somebody in the grocery store, what I would say to them is that we cannot have a very significant effect on particular prices.\u201d He said that it is the Fed\u2019s job \u201cto make sure that those [price] changes in oil or beef or eggs or milk don\u2019t broaden in the economy.\u201d<\/p>\n<p>Read more <a href=\"https:\/\/nationwideinterstatemovers.com\/?p=1668\">Pentagon Pete Roasted For \u2018Frat Boy\u2019 Outfit<\/a><\/p>\n<p>Stocks, short-term bonds, and gold each took a hit after the Fed\u2019s announcement, according to CNN. The network reports that the DOW fell 507 points, the S&amp;P 500 dropped 1.21 percent, and the tech-heavy Nasdaq Composite fell 1.34 percent.<\/p>\n<p>Warsh vowed to reform the Federal Reserve in his news conference.<\/p>\n<p>\u201cThe Fed will deliver price stability,\u201d he said. \u201cThe commitment to deliver is strong, unanimous, and unambiguous. And that\u2019s an important message we\u2019ve missed for five years. And we\u2019re going to fix that.\u201d<\/p>\n<p>Warsh, unlike Powell, was not willing to detail the full reasoning behind the Fed\u2019s decision. He instead frequently referred back to the Fed\u2019s brief statement about the economy. <\/p>\n<p>\u201cI\u2019ve got nothing more to say than the statement itself,\u201d he answered once. <\/p>\n<p>He answered at another point, \u201cI can\u2019t do much better than the committee just did. So let me restate it.\u201d<\/p>\n<p>Warsh noted that even the Fed\u2019s statement was shorter than usual.<\/p>\n<p>\u201cIt\u2019s a bit shorter, a bit simpler, and it dispenses with some older language,\u201d he said. \u201cThat statement just gives you the facts, as best we can judge it.\u201d<\/p>\n<p>While Trump appeared displeased with the first meeting, he indicated he is not ready to put a full-blown public pressure campaign on Warsh just yet. <\/p>\n<div>\n<p>\u201cWe have a very good guy over there now,\u201d Trump said, \u201cso I\u2019m guided by what he wants to do.\u201d<\/p>\n<p>Read more <a href=\"https:\/\/nationwideinterstatemovers.com\/?p=1666\">Billionaire MAGA Candidate Caught on Shocking Rape Tape<\/a><\/p>\n<\/div>\n<\/article>\n","protected":false},"excerpt":{"rendered":"<p>Donald Trump\u2019s pick for Fed Chair spurned him in his first meeting since taking the job, declining to cut interest rates despite pressure from the president to do so. Read more Trump Ripped for Total Surrender Peace Deal Debacle The president appeared baffled after learning of Chairman Kevin Warsh\u2019s decision to keep rates unchanged in [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":1671,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2],"tags":[],"class_list":["post-1672","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-politics"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.7 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Trump\u2019s Handpicked Fed Chair Betrays Him at First Test - Nationwide Inter State Movers<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/nationwideinterstatemovers.com\/?p=1672\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Trump\u2019s Handpicked Fed Chair Betrays Him at First Test - Nationwide Inter State Movers\" \/>\n<meta property=\"og:description\" content=\"Donald Trump\u2019s pick for Fed Chair spurned him in his first meeting since taking the job, declining to cut interest rates despite pressure from the president to do so. 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