Trump Says Warsh Would’ve Lost Fed If He Pledged Rate Hike (1)

US President Donald Trump said he would have passed on Kevin Warsh as his nominee to lead the Federal Reserve if Warsh had expressed a desire to hike interest rates.

“If he came in and said, ‘I want to raise it,’ he would not have gotten the job, no,” Trump said Wednesday in an NBC News interview.

The president said there was “not much” doubt the Fed would lower rates because “we’re way high in interest” but now “we’re a rich country again.”

Kevin Warsh

Photographer: Samuel Corum/Bloomberg

Asked if Warsh understands Trump wants him to lower the benchmark rate, the president responded, “I ...