# Trump picked his Fed chair to cut rates. He raised them instead.

https://mins.news/en/video/63234

- Al Jazeera English, 2026-09-17 19:57 UTC
- Economy
- Original: https://www.youtube.com/watch?v=hLMi4VF4nQ8

> During his first term, President Donald Trump attacked the Federal Reserve over high interest rates; in his second, he made cheaper borrowing a political priority. He chose Kevin Warsh, a critic of the Fed’s inflation record, expecting alignment. Months later, Warsh raised rates by a quarter point—the first hike in three years and a direct contradiction of the White House’s demands.

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