BUSINESSJun 7 · 18:24 UTCFORTUNETony Czuczka, Jennifer A. Dlouhy, Bloomberg

Trump says Fed rate increase would be wrong ahead of Warsh debut

President Donald Trump criticized the Federal Reserve for considering a rate hike, arguing it would be wrong as his nominee Kevin Warsh prepares to chair his first Fed policy meeting. The strong May jobs report led to market selloff and increased expectations for a rate hike, but Trump advocated for lowering rates to support economic growth and military expansion.

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Donald TrumppersonKevin WarshpersonFederal ReserveorganizationFederal Open Market CommitteeorganizationGoldman SachsorganizationBureau of Labor Statisticsorganizationinflationtopicnonfarm payrollstopic

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