One post in particular<\/a> from December saw the president lay out \u201cTHE TRUMP RULE\u201d on Truth Social.<\/p>\n\u201cI want my new Fed Chairman to lower Interest Rates if the Market is doing well,\u201d the president wrote. \u201cInflation will take care of itself and, if it doesn\u2019t, we can always raise Rates at the appropriate time.\u201d<\/p>\n
He concluded that \u201cAnybody that disagrees with me will never be the Fed Chairman!\u201d<\/p>\n
Warsh, by contrast, is set to tell lawmakers that he is committed to \u201censuring that the conduct of monetary policy remains strictly independent\u201d and that a core central bank mission is \u201cto ensure price stability, without excuse or equivocation, argument or anguish.\u201d<\/p>\n
Senator Tina Smith of Minnesota is one of the Democrats set to question Warsh today. She mentioned this particular post on Monday during a call with reporters.<\/p>\n
\u201cTrump himself has been explicit,\u201d she said.<\/p>\n
Trump announced Warsh as his pick about a month after that post and has nodded to him specifically at times since. The president even reportedly joked to attendees at the closed-door Alfalfa Club dinner in late January that he would sue Warsh if he didn’t lower interest rates.<\/p>\n
The president later made light of the comments to reporters, noting, “It’s a comedy dinner.”<\/p>\n","protected":false},"excerpt":{"rendered":"Federal Reserve chair nominee Kevin Warsh is set to make a case to lawmakers on Tuesday that Federal…\n","protected":false},"author":2,"featured_media":597946,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[27],"tags":[28,23473,2800,9007,45588,968,167080,9287],"class_list":{"0":"post-597945","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-business","8":"tag-business","9":"tag-central-bank-independence","10":"tag-federal-reserve","11":"tag-interest-rates","12":"tag-kevin-warsh","13":"tag-president-trump","14":"tag-senate-banking-committee","15":"tag-thom-tillis"},"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/posts\/597945","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/comments?post=597945"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/posts\/597945\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/media\/597946"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/media?parent=597945"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/categories?post=597945"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/tags?post=597945"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}