US President Donald Trump said he wanted the new Federal Reserve chair to be fully independent, before urging the central bank head at his swearing in to let the economy “boom.”
Trump, who nominated Warsh for the role, has put the Fed under unprecedented pressure to cut interest rates and frequently insulted Warsh’s predecessor Jerome Powell.
“I want Kevin to be totally independent. I want him to be independent and just do a great job,” Trump said at the White House. “Don’t look at me, don’t look at anybody, just do your own thing.”
But Trump then made it clear what he thought Warsh should be doing, saying that the Fed had “lost its way in recent years.”
“Kevin understands that when the economy is booming, that’s a good thing. We want to stop inflation, but we don’t want to stop greatness,” Trump said. “We have to go crazy, just let it boom. We want it to boom.”