Warsh Says He’s Told Trump ‘Repeatedly’ He’s Independent

Federal Reserve Chairman Kevin Warsh stated that President Donald Trump has not attempted to influence Fed policy regarding interest rates. During a Senate Banking Committee hearing, Warsh emphasized his independence and chose not to disclose details of his conversations with Trump. This assertion comes amid discussions about new task forces and proposals, as well as concerns about the Fed's current communication strategy.

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Warsh Says Trump Has Not Tried to Influence Fed Policy

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By Augusta Saraiva

July 15, 2026 at 11:36 AM EDT

Updated on July 15, 2026 at 3:36 PM EDT

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Federal Reserve Chairman Kevin Warsh said that President Donald Trump — who’s long called for slashing US interest rates — hasn’t tried to interfere with the central bank, and wouldn’t succeed if he attempted such a thing.

“I just don’t want to be in the business of sharing discussions that the president and I have,” Warsh said in answering a question at a Senate Banking Committee hearing Wednesday on whether he’s had communication with Trump since taking the Fed’s helm.

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