Trump lashes out at Fed after Warsh backs rate hike

WASHINGTON: US President Donald Trump on Wednesday leveled his most pointed — though still indirect — criticism ​yet at his hand-picked Federal Reserve chief, fuming on social media over the central bank’s move to raise interest rates in a bid to calm persistent inflation. “Interest ‌Rates in the United States should be 1%, or less, because we are the Best Credit in the World — BY FAR,” he wrote on Truth Social, his social media platform. “LOWER THE INTEREST RATES FOR THE UNITED STATES OF AMERICA, AND FAST!” he concluded. It was the closest Trump has come yet to leveling one of his broadsides directly at Kevin Warsh, though he later told reporters he still had confidence in the man he picked earlier this ​year to take over the Fed from Jerome Powell, a figure the president frequently derided for not delivering the dramatic rate cuts Trump has routinely demanded. “I … talked to Kevin,” ​Trump said, appearing to confirm an interaction with the Fed chief that Warsh himself has so far declined to corroborate. “And I said you might ⁠as well vote with the board because it’s not going to matter. The board is very hostile. They’re very political. They’re doing the wrong thing.” Trump, as h