Warsh Says Fed’s Rates Should Be Lower, Tariffs Not Inflationary

July 7, 2025, 9:05 PM UTC

Former Federal Reserve official Kevin Warsh says interest rates should be lower, adding that “tariffs are not inflationary.”

  • Warsh speaks on Fox Business, adding that “bad economic policies” from the central bank are constraining growth
  • Fed needs “regime change,” including new personnel, Warsh adds
  • There is “plenty of deadwood” and some talent at the Federal Reserve: Warsh
  • NOTE: Warsh is said to be in contention to succeed Fed Chair Jerome Powell
  • NOTE: Powell Silence on His Future Complicates Trump Fed Chair Search

To contact the reporter on this story:
Maggie Eastland in New York at meastland@bloomberg.net

To contact the editors ...

Learn more about Bloomberg Government or Log In to keep reading:

See Breaking News in Context

Providing news, analysis, data and opportunity insights.

Already a subscriber?

Log in to keep reading or access research tools and resources.