Trump backs 'fantastic' Warsh while calling for lower rates and citing 'bad intentions' of other Fed officials

LIVEWatch Now: Bonds back in focus as ETF investors focus on flows and the Fed decision BREAKING Stocks making the biggest moves midday: ASML, SK Hynix, SAP…

Published

Source: CNBC

LIVE[Watch Now: Bonds back in focus as ETF investors focus on flows and the Fed decision](https://www.cnbc.com/etf-edge-live/)

BREAKING [Stocks making the biggest moves midday: ASML, SK Hynix, SAP, Forte Bio, Brown-Forman & more](https://www.cnbc.com/2026/07/27/stocks-making-the-biggest-moves-midday-asml-skhy-sap-fbrx-bfb.html)

Trump backs ‘fantastic’ Warsh while calling for lower rates and citing ‘bad intentions’ of other Fed officials

US President Donald Trump during an announcement in the Oval Office of the White House in Washington, DC, US, on Friday, July 24, 2026.

Bonnie Cash | Bloomberg | Getty Images

President [Donald Trump](https://www.cnbc.com/donald-trump/) on Monday voiced support for Federal Reserve Chairman [Kevin Warsh](https://www.cnbc.com/kevin-warsh/) while insisting that the U.S. should have the lowest interest rates in the world.

While backing his choice to lead the central bank, Trump questioned the motives of other members of the Fed’s Board of Governors for not wanting to ease monetary policy.

“Kevin’s fantastic, but he’s got a board, and the board members are very political, I would say,” the president said during a session with reporters on Air Force One. “He wants to do the right thing. I know what he wants to do.”

The president’s comments came two days before the bank’s Federal Open Market Committee (FOMC) releases its latest interest rate decision.