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2026-09-18 08:52:09
【Timiraos: Trump's Rare Approval of Rate Hike May Make the "Ceasefire" Between the White House and the Fed Difficult to Last】 (1) Nick Timiraos, a senior reporter for the Wall Street Journal, wrote that Trump has been criticizing the Fed for keeping interest rates too high, but after the Fed raised rates this week, he claimed that he had approved of the decision when he spoke with Fed Chairman Warsh a few days before the decision. (2) Sources revealed that Trump's call with Warsh surprised many of the president's close advisors. This "ceasefire" clearly shows that Warsh has temporarily reversed the previous tension between the White House and the Fed. (3) The risk is that this situation may only last until the Fed raises rates again. A senior government official said that if the Fed decides to raise rates again in October, before the midterm elections, Warsh may become the subject of more rigorous scrutiny by Trump and his advisors. (4) Trump's description of a hostile Fed board may make investors wonder whether Warsh is leading the Fed or being led by it.
