Trump Says Fed Board Could Block Warsh as White House Holds 10% Intel Stake
Updated
Updated · Stocktwits · Jul 2
Trump Says Fed Board Could Block Warsh as White House Holds 10% Intel Stake
2 articles · Updated · Stocktwits · Jul 2
Summary
CNBC interview remarks from Trump cast Kevin Warsh as constrained by a potentially “hostile” Federal Reserve board that could resist the administration’s preferred monetary-policy path.
Trump said Warsh “has to do what he has to do,” signaling the chairman may be unable to bring other central bank officials in line even after taking the top Fed post.
The interview also highlighted the administration’s industrial policy: Trump said the government took a 10% stake in Intel through an $8.9 billion common-stock investment announced last August.
Trump declined to address a reported possible government stake in OpenAI, but said his relationship with Elon Musk is now “very good” and predicted Musk would donate SpaceX stock to Trump Accounts ahead of the platform’s July 4 launch.