Federal Reserve Chairman Warsh responded to Donald Trump's demand for interest rate cuts to 1%, emphasizing that inflation has exceeded targets for five consecutive years and that rate hikes were unanimously approved by the committee.
Federal Reserve Chairman Warsh stated clearly at the press conference that inflation has exceeded the target for over five consecutive years, and this 25 basis point rate hike to the 3.75%-4% range aligns with the Federal Reserve's dual mandate, receiving unanimous approval from the committee. This move directly rebuffed Donald Trump's previous public demands to push interest rates down to 1% or even lower, and his accusations that the Federal Reserve was "politically motivated" against him.
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