President Donald Trump has offered public praise for Federal Reserve Chair Kevin Warsh following the central bank's decision to hold interest rates steady, while simultaneously emphasizing that monetary policy remains a collective responsibility of the board.
The remarks come as markets digest the Fed's latest policy stance, with traders closely monitoring any signals regarding the trajectory of borrowing costs.
Warsh, who led the central bank's second decision-making meeting of the week, faced scrutiny over the hold, but Trump's comments suggest a temporary alignment between the White House and the Fed on the current rate path.
Despite the praise, Trump was careful to distance himself from direct influence over specific policy outcomes.
He described Warsh as "fantastic" but stressed that the decision to maintain rates was made by the council as a whole, not by the chair alone.
This distinction is significant given the president's history of publicly pressuring the Fed for lower rates.