Trump blames Fed board, not Warsh, for rate hikes

President Trump expressed support for Federal Reserve Chair Kevin Warsh while deflecting blame for recent interest rate increases onto the Fed board, suggesting that the board members were appointed by previous administrations. This shift in responsibility highlights ongoing tensions between the White House and the Fed, raising questions about the independence of central banking decisions. Trump's comments underscore a potential political pressure on the Fed, which traditionally operates independently to manage the economy.