‘I know what he wants to do,’ Trump says of Fed’s Warsh as president presses for rate cuts

President Trump is pressing for rate cuts, stating he knows the intentions of Federal Reserve Chair Kevin Warsh. While Trump believes Warsh wants to do the right thing, he notes that the Fed board might oppose him. This push for rate cuts during high inflation is viewed as a risk to the independence of the Fed, which could potentially lead to the destabilization of both general economic markets and various crypto markets across the globe.